https://www.taxtmi.com/caselaws?id=170926 Cash deposits recorded in a third party's books cannot be treated as an assessee family's revenue receipts unless the Revenue first establishes, with affirmative material, that the money in fact belonged to the family. Disbelieving the family's explanation does not by itself prove taxable ownership, and mere relationship between the deposit holders and family members is insufficient. As the receipt of the money by the family was not admitted or otherwise established, and the apparent ownership of the deposit holders was not shown to be unreal, the disputed deposits could not be assessed as the family's income on the material before the authorities. en-us Tue, 13 Sep 1960 00:00:00 +0530 Wed, 01 Jul 2015 12:55:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170926 Cash deposits recorded in a third party's books cannot be treated as an assessee family's revenue receipts unless the Revenue first establishes, with affirmative material, that the money in fact belonged to the family. Disbelieving the family's explanation does not by itself prove taxable ownership, and mere relationship between the deposit holders and family members is insufficient. As the receipt of the money by the family was not admitted or otherwise established, and the apparent ownership of the deposit holders was not shown to be unreal, the disputed deposits could not be assessed as the family's income on the material before the authorities. Case-Laws Income Tax Tue, 13 Sep 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170926