https://www.taxtmi.com/caselaws?id=63954 The appeal was dismissed by the Tribunal. The assessment order dated 30-12-1981 was deemed valid and not time-barred. The addition of Rs. 1,00,000 as non-acceptance of cash credit was upheld as the genuineness of the transaction was not proven. The disallowance of interest of Rs. 6,990 on the cash credit was also upheld as the onus to prove the genuineness of the transaction was not discharged by the assessee. en-us Thu, 04 Apr 1991 00:00:00 +0530 Wed, 02 Feb 2011 18:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63954 The appeal was dismissed by the Tribunal. The assessment order dated 30-12-1981 was deemed valid and not time-barred. The addition of Rs. 1,00,000 as non-acceptance of cash credit was upheld as the genuineness of the transaction was not proven. The disallowance of interest of Rs. 6,990 on the cash credit was also upheld as the onus to prove the genuineness of the transaction was not discharged by the assessee. Case-Laws Income Tax Thu, 04 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63954