Presumption however strong can not replace evidence

i. M/s. Monga Metals Pvt. Ltd, vs. ACTI(2000) 67 TTJ 247 (Allahabad).
ii. M/s. Elite Developers Vs. DCIT(2000) 73 ITD 379 ( Nagpur Tribunal)
iii. DCIT Vs. D.N. Kamani ( HUF) (1999) 70 ITD 77 ( Patna Tribunal)
iv. JCIT Vs. Gramophone Company of India Ltd, (2004) 265 ITR (A.T) 46  ( Kolkata Tribunal)
v. CIT vs. Ram Narain 224 ITR 180 (P & H)