https://www.taxtmi.com/caselaws?id=18361 The Tribunal upheld the Appellate Assistant Commissioner's decision in a case concerning unexplained cash credits in an individual's income under the Income-tax Act, 1961. The court ruled in favor of the assessee, emphasizing that rejected account books should not be used to determine unexplained cash credits if they were deemed defective for estimating business income. The judgment underscores the need for consistency in assessing different aspects of income under the Income-tax Act, 1961. en-us Wed, 18 Oct 1995 00:00:00 +0530 Wed, 30 Sep 2009 13:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18361 The Tribunal upheld the Appellate Assistant Commissioner's decision in a case concerning unexplained cash credits in an individual's income under the Income-tax Act, 1961. The court ruled in favor of the assessee, emphasizing that rejected account books should not be used to determine unexplained cash credits if they were deemed defective for estimating business income. The judgment underscores the need for consistency in assessing different aspects of income under the Income-tax Act, 1961. Case-Laws Income Tax Wed, 18 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18361