https://www.taxtmi.com/caselaws?id=22182 The genuineness of cash credits was treated as a question of fact, and the Tribunal's finding based on the evidence was upheld because no perversity was shown. As a result, the assessee was held to have discharged the onus in relation to the cash credits. The interest paid to the creditor was then treated consequentially on the same footing and was allowed as a deduction in computing total income. The reference therefore raised no interfering question of law on the cash-credit issue, and both reference questions were answered in favour of the assessee. en-us Mon, 08 Jan 1990 00:00:00 +0530 Mon, 07 Dec 2009 18:30:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22182 The genuineness of cash credits was treated as a question of fact, and the Tribunal's finding based on the evidence was upheld because no perversity was shown. As a result, the assessee was held to have discharged the onus in relation to the cash credits. The interest paid to the creditor was then treated consequentially on the same footing and was allowed as a deduction in computing total income. The reference therefore raised no interfering question of law on the cash-credit issue, and both reference questions were answered in favour of the assessee. Case-Laws Income Tax Mon, 08 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22182