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2010 (7) TMI 722 - ITAT DELHIProof of investment - source of investment - onus to prove - acquisition of plot - held that:- In vie of K.P. Varghese v. ITO (1981 -TMI - 5862 - Supreme Court), wherein it has been held that the burden of proving is that of Revenue when there is allegation of understatement or concealment in the consideration shown. - Further Where investment's could not be conclusively proved question of source of investment's will not arise.Thus appeal filed by revenue is dismissed. - Decided in favor of assessee.
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