https://www.taxtmi.com/caselaws?id=21203 The High Court upheld the Tribunal's decision, ruling in favor of the assessee. The Court found that the assessee adequately explained the source of the cash credits and demonstrated that the amounts were available for investment in the relevant assessment year. The Court emphasized that the intangible additions made by the Settlement Commission constituted real income available for investment from the year they were disclosed. The burden of proof regarding the source of cash credits was deemed to have been discharged by the assessee, leading to a favorable outcome with no costs awarded. en-us Thu, 25 Jun 1992 00:00:00 +0530 Fri, 20 Nov 2009 17:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21203 The High Court upheld the Tribunal's decision, ruling in favor of the assessee. The Court found that the assessee adequately explained the source of the cash credits and demonstrated that the amounts were available for investment in the relevant assessment year. The Court emphasized that the intangible additions made by the Settlement Commission constituted real income available for investment from the year they were disclosed. The burden of proof regarding the source of cash credits was deemed to have been discharged by the assessee, leading to a favorable outcome with no costs awarded. Case-Laws Income Tax Thu, 25 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21203