https://www.taxtmi.com/caselaws?id=23846 The Tribunal's acceptance of cash credits in the name of Smt. Laxmimoyee Sen was sustained because the assessee consistently explained that the funds came from sale proceeds of gold ornaments and personal resources, and that explanation was not rebutted by contrary evidence. The Revenue also failed to identify any specific relevant material ignored or irrelevant material relied on by the Tribunal. On that basis, the finding that the source of the cash credits was satisfactorily explained was not shown to suffer from legal infirmity, and the related interest claim for one assessment year was also upheld. en-us Fri, 03 Mar 1989 00:00:00 +0530 Thu, 14 Jan 2010 17:06:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23846 The Tribunal's acceptance of cash credits in the name of Smt. Laxmimoyee Sen was sustained because the assessee consistently explained that the funds came from sale proceeds of gold ornaments and personal resources, and that explanation was not rebutted by contrary evidence. The Revenue also failed to identify any specific relevant material ignored or irrelevant material relied on by the Tribunal. On that basis, the finding that the source of the cash credits was satisfactorily explained was not shown to suffer from legal infirmity, and the related interest claim for one assessment year was also upheld. Case-Laws Income Tax Fri, 03 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23846