https://www.taxtmi.com/caselaws?id=27614 The court held that the assessment of Rs. 10,000 as income from undisclosed sources in the hands of the assessee was correct. The amount was deemed taxable in the assessment year 1966-67, not 1967-68, based on the explanation that it existed in March 1966. The judgment underscored the significance of providing a satisfactory explanation for cash credit entries and determining the accurate taxation year according to the case's circumstances. en-us Mon, 27 Feb 1984 00:00:00 +0530 Mon, 15 Feb 2010 10:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27614 The court held that the assessment of Rs. 10,000 as income from undisclosed sources in the hands of the assessee was correct. The amount was deemed taxable in the assessment year 1966-67, not 1967-68, based on the explanation that it existed in March 1966. The judgment underscored the significance of providing a satisfactory explanation for cash credit entries and determining the accurate taxation year according to the case's circumstances. Case-Laws Income Tax Mon, 27 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27614