https://www.taxtmi.com/caselaws?id=28469 The High Court of Madhya Pradesh upheld the Appellate Tribunal's decision to delete Rs. 1,45,000 assessed as income from undisclosed sources for the assessment year 1963-64. The Tribunal accepted the assessee's explanation that the cash credits were not income earned in the relevant year but from earlier years already taxed. The High Court allowed the assessee to present alternative pleas before the Appellate Assistant Commissioner, ruling in favor of the assessee based on the specific facts of the case and previous decisions supporting such an approach. en-us Mon, 30 Aug 1982 00:00:00 +0530 Mon, 22 Feb 2010 18:19:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28469 The High Court of Madhya Pradesh upheld the Appellate Tribunal's decision to delete Rs. 1,45,000 assessed as income from undisclosed sources for the assessment year 1963-64. The Tribunal accepted the assessee's explanation that the cash credits were not income earned in the relevant year but from earlier years already taxed. The High Court allowed the assessee to present alternative pleas before the Appellate Assistant Commissioner, ruling in favor of the assessee based on the specific facts of the case and previous decisions supporting such an approach. Case-Laws Income Tax Mon, 30 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28469