https://www.taxtmi.com/caselaws?id=8156 An unexplained cash credit in an assessee's books may be treated as income from an undisclosed source when the explanation is not satisfactorily proved, and the burden of establishing the source lies on the assessee. The tax authorities may also, where the facts justify it, assess both the unexplained credit and estimated business or partnership income after rejection of the books. On the facts stated, the assessee did not show that the credit was already covered by income from another source, so the addition of the cash credit was sustained along with the estimated share income. en-us Thu, 15 Oct 1970 00:00:00 +0530 Tue, 31 Mar 2009 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8156 An unexplained cash credit in an assessee's books may be treated as income from an undisclosed source when the explanation is not satisfactorily proved, and the burden of establishing the source lies on the assessee. The tax authorities may also, where the facts justify it, assess both the unexplained credit and estimated business or partnership income after rejection of the books. On the facts stated, the assessee did not show that the credit was already covered by income from another source, so the addition of the cash credit was sustained along with the estimated share income. Case-Laws Income Tax Thu, 15 Oct 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8156