https://www.taxtmi.com/caselaws?id=23654 Cash credits may be treated as income from undisclosed sources where the assessee fails to prove the identity and capacity of the lenders and the genuineness of the loans. The Tribunal's finding that the credits were not genuine was supported by the material on record, rested on appreciation of facts and probabilities, and was neither perverse nor unsupported by evidence. On that basis, the proposed issues were held to be factual rather than referable questions of law, and the addition as undisclosed income was sustained. en-us Wed, 04 Oct 1989 00:00:00 +0530 Wed, 23 Dec 2009 10:59:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23654 Cash credits may be treated as income from undisclosed sources where the assessee fails to prove the identity and capacity of the lenders and the genuineness of the loans. The Tribunal's finding that the credits were not genuine was supported by the material on record, rested on appreciation of facts and probabilities, and was neither perverse nor unsupported by evidence. On that basis, the proposed issues were held to be factual rather than referable questions of law, and the addition as undisclosed income was sustained. Case-Laws Income Tax Wed, 04 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23654