https://www.taxtmi.com/caselaws?id=8258 Unexplained cash credits must be independently assessed when the assessee fails to prove their source and nature, because the burden remains on the assessee to rebut the presumption that they are taxable receipts. The Tribunal erred by shifting that burden to the department and by merging cash credits arising in June, July and August with estimated suppressed business yield found only for September to November. The temporal mismatch prevented the two items from being linked, so the cash credits could not be absorbed into a single addition and had to be added separately in favour of the Revenue. en-us Fri, 27 Feb 1970 00:00:00 +0530 Mon, 06 Apr 2009 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8258 Unexplained cash credits must be independently assessed when the assessee fails to prove their source and nature, because the burden remains on the assessee to rebut the presumption that they are taxable receipts. The Tribunal erred by shifting that burden to the department and by merging cash credits arising in June, July and August with estimated suppressed business yield found only for September to November. The temporal mismatch prevented the two items from being linked, so the cash credits could not be absorbed into a single addition and had to be added separately in favour of the Revenue. Case-Laws Income Tax Fri, 27 Feb 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8258