https://www.taxtmi.com/caselaws?id=29116 The High Court upheld the Tribunal's decision in favor of the assessee, ruling that the unexplained cash credits in the names of the assessee's wife and minor children were not taxable for the assessment year 1967-68. The Court emphasized the importance of the funds' existence before March 31, 1966, and rejected the Department's argument that the cash credits were not linked to earlier declarations. Costs were awarded to the assessee. en-us Tue, 07 Apr 1981 00:00:00 +0530 Wed, 10 Mar 2010 18:38:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29116 The High Court upheld the Tribunal's decision in favor of the assessee, ruling that the unexplained cash credits in the names of the assessee's wife and minor children were not taxable for the assessment year 1967-68. The Court emphasized the importance of the funds' existence before March 31, 1966, and rejected the Department's argument that the cash credits were not linked to earlier declarations. Costs were awarded to the assessee. Case-Laws Income Tax Tue, 07 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29116