https://www.taxtmi.com/caselaws?id=70616 Cash credit additions were deleted because the assessee proved the creditors' identity and creditworthiness through passports, non-resident status, and assessment in India, while the advances came by cheque from non-resident external accounts and interest was also paid by account payee cheques. In the absence of any contrary material from the Revenue to show that the credits represented undisclosed income of the assessee, no adverse inference could be drawn merely by seeking further enquiry into the creditors' sources of funds. The deletion of the cash credit and related interest additions was upheld and the Revenue's appeal failed. en-us Thu, 05 Jul 1984 00:00:00 +0530 Mon, 18 Apr 2011 11:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70616 Cash credit additions were deleted because the assessee proved the creditors' identity and creditworthiness through passports, non-resident status, and assessment in India, while the advances came by cheque from non-resident external accounts and interest was also paid by account payee cheques. In the absence of any contrary material from the Revenue to show that the credits represented undisclosed income of the assessee, no adverse inference could be drawn merely by seeking further enquiry into the creditors' sources of funds. The deletion of the cash credit and related interest additions was upheld and the Revenue's appeal failed. Case-Laws Income Tax Thu, 05 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70616