https://www.taxtmi.com/caselaws?id=5877 Cash credit entries were treated as the assessee's income from undisclosed sources where the assessee failed, on the facts found by the Tribunal, to prove the genuineness of the deposits or the identity and participation of the alleged depositors. The Supreme Court treated the issue as governed by its earlier decision and accepted that the declarations and letters of the depositors were relevant material, but noted that they were not produced before the Income-tax Officer despite being called for. In the absence of satisfactory proof, the taxing authorities were entitled to infer that the amounts belonged to the assessee, and the addition was upheld. en-us Wed, 10 Aug 1983 00:00:00 +0530 Fri, 28 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5877 Cash credit entries were treated as the assessee's income from undisclosed sources where the assessee failed, on the facts found by the Tribunal, to prove the genuineness of the deposits or the identity and participation of the alleged depositors. The Supreme Court treated the issue as governed by its earlier decision and accepted that the declarations and letters of the depositors were relevant material, but noted that they were not produced before the Income-tax Officer despite being called for. In the absence of satisfactory proof, the taxing authorities were entitled to infer that the amounts belonged to the assessee, and the addition was upheld. Case-Laws Income Tax Wed, 10 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5877