Held that the sale consideration was accepted in the assessment of seller. Burden is on the Revenue to establish that the investment was made by the assessee. Addition is not justified. (AY. 2016-17)
Vatika Ltd v. ACIT (2022) 100 ITR 23 (SN) (Delhi)(Trib)
S. 69 : Unexplained investments-Burden of proof on department-Documents impounded in the course of survey-Sale consideration was accepted in the assessment of seller-Addition is not justified. [S.115BBE, 133]