https://www.taxtmi.com/caselaws?id=36602 The High Court ruled against the Income-tax Tribunal, holding that the cash credits of Rs. 47,200 should be attributed to the Hindu Undivided Family (HUF) and not treated as the individual income of the assessee. The Court emphasized the principle of evidence placing the onus on the entity in whose books the credits appear to explain them. As the assessment proceedings against the HUF were time-barred, the liability could not be imposed on the HUF. The Tribunal's decision was deemed unjustified in law. en-us Wed, 25 Oct 1978 00:00:00 +0530 Tue, 23 Mar 2010 13:17:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36602 The High Court ruled against the Income-tax Tribunal, holding that the cash credits of Rs. 47,200 should be attributed to the Hindu Undivided Family (HUF) and not treated as the individual income of the assessee. The Court emphasized the principle of evidence placing the onus on the entity in whose books the credits appear to explain them. As the assessment proceedings against the HUF were time-barred, the liability could not be imposed on the HUF. The Tribunal's decision was deemed unjustified in law. Case-Laws Income Tax Wed, 25 Oct 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36602