https://www.taxtmi.com/caselaws?id=37274 Unexplained cash credits in a business's books may be assessed separately as income from an undisclosed source even after business income has been estimated by adding gross profit. The assessee bears the burden of proving that the credits are genuine and that they relate to income already included in the estimated business profits. If that connection is not established by independent and satisfactory evidence, there is no legal bar to a distinct addition under another head. The precedents relied on by the assessee were distinguished on their facts, and the issue was answered against the assessee and in favour of the Revenue. en-us Fri, 12 Dec 1975 00:00:00 +0530 Sat, 27 Mar 2010 17:11:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37274 Unexplained cash credits in a business's books may be assessed separately as income from an undisclosed source even after business income has been estimated by adding gross profit. The assessee bears the burden of proving that the credits are genuine and that they relate to income already included in the estimated business profits. If that connection is not established by independent and satisfactory evidence, there is no legal bar to a distinct addition under another head. The precedents relied on by the assessee were distinguished on their facts, and the issue was answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Fri, 12 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37274