https://www.taxtmi.com/caselaws?id=26127 Where an assessee discharges the burden under section 68 on the genuineness and source of cash credits, the factual finding will not be interfered with in reference jurisdiction unless perversity is shown. The Calcutta HC noted that the Tribunal had accepted the appellate finding that the alleged loans were proved on the evidence and that the issue was one of appreciation of facts rather than a question of law. As no perversity in the factual finding was established, the additions relating to the disputed cash credits were not sustained and the reference was answered for the assessee. en-us Tue, 28 Jan 1986 00:00:00 +0530 Wed, 03 Feb 2010 10:20:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26127 Where an assessee discharges the burden under section 68 on the genuineness and source of cash credits, the factual finding will not be interfered with in reference jurisdiction unless perversity is shown. The Calcutta HC noted that the Tribunal had accepted the appellate finding that the alleged loans were proved on the evidence and that the issue was one of appreciation of facts rather than a question of law. As no perversity in the factual finding was established, the additions relating to the disputed cash credits were not sustained and the reference was answered for the assessee. Case-Laws Income Tax Tue, 28 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26127