In respect of undisclosed income, burden is on department to establish that alleged receipt is income from undisclosed sources

SUMMARY OF THE CASE LAWS It was the duty of the A.O. to bring on record sufficient evidences and material to prove that the documents filed by the assessee were bogus, false or fabricated and the long term capital gain shown by him was actually his income from undisclosed sources. RELEVANT PARAGRAPH FACTS The brief facts of the case are that the assessee filed his return of income on 29-10-2001 declaring an income of Rs. 10,65,588/- which includes the Long Term Capital Gain (LTCG) of Rs. 9,55,365/-. The assessee applied vide application No. 2163 for the allotment of shares in M/s. B.T. Technet...