https://www.taxtmi.com/caselaws?id=67806 The case involved a dispute over the treatment of a cash credit as income from undisclosed sources and the disallowance of interest claimed by the assessee. The Appellate Tribunal, after a difference of opinion between its Members, ruled in favor of the assessee. The Tribunal found that the genuineness of the cash credit had been established by the assessee, and therefore, the addition of the cash credit as undisclosed income and the disallowance of interest were deemed unjustified. The case was directed back to the Bench for final disposal in line with this decision. en-us Mon, 23 Nov 1981 00:00:00 +0530 Mon, 14 Mar 2011 16:56:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67806 The case involved a dispute over the treatment of a cash credit as income from undisclosed sources and the disallowance of interest claimed by the assessee. The Appellate Tribunal, after a difference of opinion between its Members, ruled in favor of the assessee. The Tribunal found that the genuineness of the cash credit had been established by the assessee, and therefore, the addition of the cash credit as undisclosed income and the disallowance of interest were deemed unjustified. The case was directed back to the Bench for final disposal in line with this decision. Case-Laws Income Tax Mon, 23 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67806