Burden cannot be shifted on assessee when nothing contrary found in search operation: ITAT Bangalore

Late Kari Thimmegowda Vs DCIT (ITAT Bangalore) ITAT Bangalore held that post search operation, revenue cannot shift burden on assessee to prove genuineness of expenses as nothing contrary found in the search operation. Accordingly, additions thereof deleted. Facts- A search and seizure action was carried out on 19th July, 2017 in the case of the assessee and its business concerns. At the time of search, the assessee has made a surrender of Rs. 13 crores for all the years covered under search action. However, at the time of filing of the returns, the assessee has not obliged his surrender made ...