https://www.taxtmi.com/caselaws?id=192108 Where a cash credit stands in the name of a third party, the initial burden does not lie on the assessee to prove the source and nature of the amount; the Department must first produce material showing that it really belongs to the assessee. On the facts, doubts about the creditor's means and surrounding circumstances were insufficient to treat the credit as the assessee's secreted income, and the registered gift deed and other evidence were inconsistent with that inference. The assessment under Section 34 therefore lacked supporting material, and the sum could not be brought to tax in the assessee's hands. en-us Mon, 15 Feb 1954 00:00:00 +0530 Sat, 13 May 2017 11:04:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192108 Where a cash credit stands in the name of a third party, the initial burden does not lie on the assessee to prove the source and nature of the amount; the Department must first produce material showing that it really belongs to the assessee. On the facts, doubts about the creditor's means and surrounding circumstances were insufficient to treat the credit as the assessee's secreted income, and the registered gift deed and other evidence were inconsistent with that inference. The assessment under Section 34 therefore lacked supporting material, and the sum could not be brought to tax in the assessee's hands. Case-Laws Income Tax Mon, 15 Feb 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192108