https://www.taxtmi.com/caselaws?id=286891 Unexplained cash receipts whose source and nature the assessee fails to prove may be inferred to be income; the correct legal principle permits the assessing authority to treat such unexplained receipts as income for assessment purposes. A mere prior omission by the assessing authority to notice similar unexplained receipts in earlier years does not change the evidential burden in the current year and does not oblige the revenue to prove that the receipts are income. Operatively, unexplained cash credits remain taxable unless the assessee establishes their source and nature. en-us Thu, 12 Aug 1948 00:00:00 +0530 Thu, 19 Mar 2020 17:27:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286891 Unexplained cash receipts whose source and nature the assessee fails to prove may be inferred to be income; the correct legal principle permits the assessing authority to treat such unexplained receipts as income for assessment purposes. A mere prior omission by the assessing authority to notice similar unexplained receipts in earlier years does not change the evidential burden in the current year and does not oblige the revenue to prove that the receipts are income. Operatively, unexplained cash credits remain taxable unless the assessee establishes their source and nature. Case-Laws Income Tax Thu, 12 Aug 1948 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286891