Merely making Entries in books not discharge initial burden of proof regarding claim of cost of Improvement of Assets: ITAT [Read Order]
The Tribunal noted that the assessee had failed to discharge the initial burden of proof rested on him to substantiate his claim of having incurred expenditure on improvement of the property.
In a recent case, the Chandigarh bench of Income Tax Appellate Tribunal (ITAT) held that merely making entries in books not discharge initial burden of proof regarding claim of cost of improvement of assets. It was noted that the assessee had failed to discharge the initial burden of proof rested on him to substantiate his…
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