Burden to Prove Income Tax Authorities’ Best Assessment Is Perverse Lies on Assessee: Allahabad High Court

The Allahabad High Court, on July 25, 2025, dismissed an appeal filed under Section 260-A of the Income Tax Act, 1961 in the case of M/S Rai Wines Ras Bahar Colony VERSUS The Commissioner of Income Tax. The appeal was filed against the judgment of the Income Tax Appellate Tribunal (ITAT) and the Commissioner of Income Tax (Appeals) which had enhanced the assessee’s income by Rs. 13,38,780/- over and above…