https://www.taxtmi.com/caselaws?id=70143 The Tribunal found that the appellant successfully proved the genuineness of the credit of Rs. 10,000, as the source of the credit was explained by the sale of a house property involving the employee and his brothers. The appellant demonstrated that the employee had the means to advance the sum, supported by salary evidence and the purpose of the deposit. The Tribunal concluded that the addition of Rs. 10,000 as undisclosed income was unwarranted, leading to the deletion of the amount and ruling in favor of the appellant. en-us Thu, 07 Apr 1977 00:00:00 +0530 Thu, 14 Apr 2011 15:39:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70143 The Tribunal found that the appellant successfully proved the genuineness of the credit of Rs. 10,000, as the source of the credit was explained by the sale of a house property involving the employee and his brothers. The appellant demonstrated that the employee had the means to advance the sum, supported by salary evidence and the purpose of the deposit. The Tribunal concluded that the addition of Rs. 10,000 as undisclosed income was unwarranted, leading to the deletion of the amount and ruling in favor of the appellant. Case-Laws Income Tax Thu, 07 Apr 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70143