https://www.taxtmi.com/caselaws?id=37222 Where a cash credit appears in the name of an independent third party, the assessee must prima facie establish the creditor's identity, the creditor's capacity or creditworthiness to advance the amount, and the genuineness of the transaction; failure to prove these elements allows the fact-finding authority to treat the entry as income from undisclosed sources. The Tribunal disbelieved the creditor's testimony, noted absence of loan and repayment entries and lack of proof of capacity, and its inference that the Rs. 1,00,000 was undisclosed income was supported by evidence and not perverse. en-us Mon, 10 Jul 1978 00:00:00 +0530 Wed, 28 Jan 2026 10:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37222 Where a cash credit appears in the name of an independent third party, the assessee must prima facie establish the creditor's identity, the creditor's capacity or creditworthiness to advance the amount, and the genuineness of the transaction; failure to prove these elements allows the fact-finding authority to treat the entry as income from undisclosed sources. The Tribunal disbelieved the creditor's testimony, noted absence of loan and repayment entries and lack of proof of capacity, and its inference that the Rs. 1,00,000 was undisclosed income was supported by evidence and not perverse. Case-Laws Income Tax Mon, 10 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37222