https://www.taxtmi.com/caselaws?id=8322 The court upheld the assessment of cash credits as undisclosed income but reduced the estimated business income. The petitioner's claim that the cash credits were sales was rejected due to lack of evidence, leading the court to conclude that the burden of proof rested on the assessee. As the Tribunal's decision did not raise a question of law, the court rejected the application with costs. en-us Thu, 26 Nov 1970 00:00:00 +0530 Thu, 09 Apr 2009 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8322 The court upheld the assessment of cash credits as undisclosed income but reduced the estimated business income. The petitioner's claim that the cash credits were sales was rejected due to lack of evidence, leading the court to conclude that the burden of proof rested on the assessee. As the Tribunal's decision did not raise a question of law, the court rejected the application with costs. Case-Laws Income Tax Thu, 26 Nov 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8322