https://www.taxtmi.com/caselaws?id=175599 A credit entry of Rs. 10,000 in the assessee's books was not assessable as income merely because the named creditor was not produced. The court noted that the assessee had taken steps to secure the witness's attendance, while the revenue had not used the available coercive or other procedural measures to compel production. In the absence of legal material rebutting the assessee's explanation that the sum was a deposit made by the named person, an adverse inference could not sustain the addition. The question was answered in favour of the assessee. en-us Thu, 30 Aug 1962 00:00:00 +0530 Sat, 28 Nov 2015 10:47:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175599 A credit entry of Rs. 10,000 in the assessee's books was not assessable as income merely because the named creditor was not produced. The court noted that the assessee had taken steps to secure the witness's attendance, while the revenue had not used the available coercive or other procedural measures to compel production. In the absence of legal material rebutting the assessee's explanation that the sum was a deposit made by the named person, an adverse inference could not sustain the addition. The question was answered in favour of the assessee. Case-Laws Income Tax Thu, 30 Aug 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175599