https://www.taxtmi.com/caselaws?id=185629 In income-tax proceedings, a cash credit explanation rejected on the evidence was treated as a finding of fact, not a question of law. Where the source and character of a credit are specially within the assessee's knowledge, the burden of proving that the receipt is not income lies on the assessee, and the Revenue need not first prove the taxable source once the explanation fails. A claim for bad-debt deduction also depended on proof that the debt became irrecoverable in the relevant accounting year; that issue was likewise factual, and the disallowance was upheld. en-us Fri, 23 Sep 1955 00:00:00 +0530 Mon, 22 Aug 2016 12:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185629 In income-tax proceedings, a cash credit explanation rejected on the evidence was treated as a finding of fact, not a question of law. Where the source and character of a credit are specially within the assessee's knowledge, the burden of proving that the receipt is not income lies on the assessee, and the Revenue need not first prove the taxable source once the explanation fails. A claim for bad-debt deduction also depended on proof that the debt became irrecoverable in the relevant accounting year; that issue was likewise factual, and the disallowance was upheld. Case-Laws Income Tax Fri, 23 Sep 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185629