https://www.taxtmi.com/caselaws?id=5106 A reference under the Income-tax Act can be directed only on a question of law arising from the Tribunal's order; a question not raised before or decided by the Tribunal cannot be introduced later at the reference stage. On unexplained cash credits, rejection of the books and estimation of business income do not prevent separate taxation of a credit where its source and nature are not satisfactorily explained. The taxing authority need not first prove a specific source, and if the assessee claims the credit belongs to an already assessed source, the burden is on the assessee to establish that link. en-us Thu, 01 Aug 1968 00:00:00 +0530 Thu, 20 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5106 A reference under the Income-tax Act can be directed only on a question of law arising from the Tribunal's order; a question not raised before or decided by the Tribunal cannot be introduced later at the reference stage. On unexplained cash credits, rejection of the books and estimation of business income do not prevent separate taxation of a credit where its source and nature are not satisfactorily explained. The taxing authority need not first prove a specific source, and if the assessee claims the credit belongs to an already assessed source, the burden is on the assessee to establish that link. Case-Laws Income Tax Thu, 01 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5106