https://www.taxtmi.com/caselaws?id=9959 Additions under unexplained cash credits were sustained because the entire sum was credited to the assessee's bank accounts in cash, withdrawn on his authorised representative's instructions just before a raid, and thus was in the assessee's possession. The assessee received only a small declared salary and failed to disclose a credible source for the large funds; therefore the tax authorities permissibly drew the presumption that the assessee owned the amounts and made assessments under the unexplained cash credits provisions. en-us Sat, 11 Feb 2006 00:00:00 +0530 Tue, 03 Feb 2026 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9959 Additions under unexplained cash credits were sustained because the entire sum was credited to the assessee's bank accounts in cash, withdrawn on his authorised representative's instructions just before a raid, and thus was in the assessee's possession. The assessee received only a small declared salary and failed to disclose a credible source for the large funds; therefore the tax authorities permissibly drew the presumption that the assessee owned the amounts and made assessments under the unexplained cash credits provisions. Case-Laws Income Tax Sat, 11 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9959