https://www.taxtmi.com/caselaws?id=67308 The appeal was allowed, overturning the addition of Rs. 10,000 to the assessee's income for the assessment year 1975-76. The court found that the assessee's explanation regarding the cash credit was plausible, supported by the creditor's income details and history, and discrepancies in the treatment of similar cases by the ITO. It was concluded that the lower authorities were unjustified in treating the cash credit as the assessee's income. en-us Wed, 31 Jan 1979 00:00:00 +0530 Thu, 10 Mar 2011 10:16:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67308 The appeal was allowed, overturning the addition of Rs. 10,000 to the assessee's income for the assessment year 1975-76. The court found that the assessee's explanation regarding the cash credit was plausible, supported by the creditor's income details and history, and discrepancies in the treatment of similar cases by the ITO. It was concluded that the lower authorities were unjustified in treating the cash credit as the assessee's income. Case-Laws Income Tax Wed, 31 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67308