https://www.taxtmi.com/caselaws?id=37471 Cash credit entries standing in the names of two ladies linked to an assessee's former driver-turned-transport contractor were treated as income from undisclosed sources after the explanation that the deposits represented sale proceeds of ornaments was rejected. The Tribunal upheld the addition, and the High Court found that the dispute was essentially factual. As the material relied upon was relevant to the enquiry, the finding could not be said to be unsupported by evidence. The conclusion that the cash credits represented income from undisclosed sources was therefore upheld in favour of the Revenue. en-us Thu, 19 Jul 1979 00:00:00 +0530 Tue, 30 Mar 2010 10:33:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37471 Cash credit entries standing in the names of two ladies linked to an assessee's former driver-turned-transport contractor were treated as income from undisclosed sources after the explanation that the deposits represented sale proceeds of ornaments was rejected. The Tribunal upheld the addition, and the High Court found that the dispute was essentially factual. As the material relied upon was relevant to the enquiry, the finding could not be said to be unsupported by evidence. The conclusion that the cash credits represented income from undisclosed sources was therefore upheld in favour of the Revenue. Case-Laws Income Tax Thu, 19 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37471