Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2013 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (2) TMI 402 - PUNJAB AND HARYANA HIGH COURTCapital Gain - Appellant failed to adduce Corroborative documentary evidence - Whether the assessee was entitled to claim deduction of Rs. 3.5 lakhs on account of expenses from the sale consideration of Rs. 9.25 lakhs received by him from the sale of the shop – Held that:- The onus was upon the assessee to substantiate that Rs. 3,50,000/- had been spent by him as he had claimed deduction on that account but had failed to produce any material to establish the same. The nature and source of Rs. 3,50,000/- had also not been proved. In fact, the expenditure had not been disclosed in the books of account which were produced at the appellate stage by the assessee. In favour of revenue
|