https://www.taxtmi.com/caselaws?id=23608 HC held that the presumption under s.132(4A) arising from search and seizure does not override or negate the requirements of s.68; entries seized need not be proved in handwriting for summary proceedings, but the genuineness of cash credits must still be established by independent evidence in regular assessment. The s.132(4A) presumption is confined to summary adjudication and retention/application of assets under s.132(5)/132B and cannot be invoked to discharge the burden under s.68. Decision for the Revenue against the assessee. en-us Thu, 18 Jan 1990 00:00:00 +0530 Mon, 27 Oct 2025 22:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23608 HC held that the presumption under s.132(4A) arising from search and seizure does not override or negate the requirements of s.68; entries seized need not be proved in handwriting for summary proceedings, but the genuineness of cash credits must still be established by independent evidence in regular assessment. The s.132(4A) presumption is confined to summary adjudication and retention/application of assets under s.132(5)/132B and cannot be invoked to discharge the burden under s.68. Decision for the Revenue against the assessee. Case-Laws Income Tax Thu, 18 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23608