https://www.taxtmi.com/caselaws?id=168366 A capital credit of Rs. 25,000 was examined for whether it represented income from undisclosed sources under the Indian Income-tax Act, 1922. Documentary evidence satisfactorily explained Rs. 15,000 as having a proved source, and the department could not demand proof of the origin of that money after many years; that part was not taxable as undisclosed income. The remaining Rs. 10,000 was supported only by inconsistent and uncorroborated explanations, so the Tribunal was justified in treating that portion as income from undisclosed sources. en-us Tue, 18 Dec 1962 00:00:00 +0530 Tue, 24 Feb 2015 10:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168366 A capital credit of Rs. 25,000 was examined for whether it represented income from undisclosed sources under the Indian Income-tax Act, 1922. Documentary evidence satisfactorily explained Rs. 15,000 as having a proved source, and the department could not demand proof of the origin of that money after many years; that part was not taxable as undisclosed income. The remaining Rs. 10,000 was supported only by inconsistent and uncorroborated explanations, so the Tribunal was justified in treating that portion as income from undisclosed sources. Case-Laws Income Tax Tue, 18 Dec 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168366