Presumption as to validity of document wouldn’t discharge burden of proof cast on assessee U/s. 68, 69, 69A etc.

IN THE ITAT MUMBAI BENCH ‘A’ Alliance Hotels versus Assistant Commissioner of Income-tax – 12(1) IT APPEAL NOS. 4076 & 4738 (MUM.) OF 2011 [ASSESSMENT YEAR 2006-07] DECEMBER 26, 2012 ORDER Sanjay Arora, Accountant Member This is a set of cross-appeals by the Assessee and the Revenue, arising out of Order by the Commissioner of Income Tax (Appeals)-23, Mumbai (‘CIT(A)’ for short) dated 31-03-2011, partly allowing the assessee’s appeal contesting its assessment u/s. 143(3) of the Income Tax Act, 1961 (‘the Act’ hereinafter) dat...