https://www.taxtmi.com/caselaws?id=36594 A finding that sale proceeds of gold bars and jewellery constituted undisclosed income will stand where the assessee's explanation is rejected on the basis of relevant surrounding circumstances and cumulative probabilities, and is not shown to rest on conjecture or pure suspicion. Once the source and nature of the credited amounts are not satisfactorily proved, the receipts may be assessed as income of the relevant year without the revenue proving that they must have arisen in some other year. The additions were therefore sustained as income from undisclosed sources. en-us Tue, 01 Aug 1978 00:00:00 +0530 Tue, 23 Mar 2010 12:57:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36594 A finding that sale proceeds of gold bars and jewellery constituted undisclosed income will stand where the assessee's explanation is rejected on the basis of relevant surrounding circumstances and cumulative probabilities, and is not shown to rest on conjecture or pure suspicion. Once the source and nature of the credited amounts are not satisfactorily proved, the receipts may be assessed as income of the relevant year without the revenue proving that they must have arisen in some other year. The additions were therefore sustained as income from undisclosed sources. Case-Laws Income Tax Tue, 01 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36594