https://www.taxtmi.com/caselaws?id=180312 Registration under section 26A of the Indian Income-tax Act, 1922 required an instrument of partnership to exist and operate during the relevant accounting year; a later memorandum could not validate registration for an earlier year. Unexplained cash credits, where the assessee failed to offer a satisfactory explanation, could be assessed as income from an undisclosed source even if gross profit on business turnover had already been estimated and an addition made for suppressed business income. The burden of explaining facts within the assessee's special knowledge remained on the assessee under section 106 of the Indian Evidence Act, 1872. en-us Fri, 26 Aug 1955 00:00:00 +0530 Mon, 21 Mar 2016 13:03:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180312 Registration under section 26A of the Indian Income-tax Act, 1922 required an instrument of partnership to exist and operate during the relevant accounting year; a later memorandum could not validate registration for an earlier year. Unexplained cash credits, where the assessee failed to offer a satisfactory explanation, could be assessed as income from an undisclosed source even if gross profit on business turnover had already been estimated and an addition made for suppressed business income. The burden of explaining facts within the assessee's special knowledge remained on the assessee under section 106 of the Indian Evidence Act, 1872. Case-Laws Income Tax Fri, 26 Aug 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180312