https://www.taxtmi.com/caselaws?id=29014 HC upheld the Tribunal's finding that unexplained cash credits shown in the name of a third party were rightly treated as the assessee's income from undisclosed sources. The court held the sole documentary material-a confirmation letter and a G.R. number-was insufficient, and the assessee precluded further inquiry by agreeing to decide on the existing record. On the facts found, the HC answered the reference against the assessee and in favour of the Department. en-us Wed, 10 Feb 1982 00:00:00 +0530 Fri, 31 Oct 2025 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29014 HC upheld the Tribunal's finding that unexplained cash credits shown in the name of a third party were rightly treated as the assessee's income from undisclosed sources. The court held the sole documentary material-a confirmation letter and a G.R. number-was insufficient, and the assessee precluded further inquiry by agreeing to decide on the existing record. On the facts found, the HC answered the reference against the assessee and in favour of the Department. Case-Laws Income Tax Wed, 10 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29014