https://www.taxtmi.com/caselaws?id=21477 The HC upheld the Appellate Tribunal's findings treating the impugned cash credits as unexplained income of the assessee. It held that the assessee bore the burden to establish the identity of the creditors, their creditworthiness and the genuineness of the loan transactions. The Tribunal's factual conclusions that the alleged creditor lacked creditworthiness, that the confirmatory letter was unreliable, and that the bank withdrawal appeared manipulated remained unchallenged by any properly framed question of law. As these findings were final and unassailed, no referable question of law arose, and the assessee's challenge to the addition was rejected. en-us Fri, 20 Sep 1991 00:00:00 +0530 Tue, 09 Dec 2025 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21477 The HC upheld the Appellate Tribunal's findings treating the impugned cash credits as unexplained income of the assessee. It held that the assessee bore the burden to establish the identity of the creditors, their creditworthiness and the genuineness of the loan transactions. The Tribunal's factual conclusions that the alleged creditor lacked creditworthiness, that the confirmatory letter was unreliable, and that the bank withdrawal appeared manipulated remained unchallenged by any properly framed question of law. As these findings were final and unassailed, no referable question of law arose, and the assessee's challenge to the addition was rejected. Case-Laws Income Tax Fri, 20 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21477