https://www.taxtmi.com/caselaws?id=38176 The court upheld the Income-tax Officer's findings that the sum of Rs. 3,10,000 in cash credits in the assessee's books constituted income from undisclosed sources. The Tribunal found that the assessee failed to prove the capacity of creditors to advance loans and the genuineness of transactions, leading to the conclusion that the burden of proof was not discharged. The court ruled in favor of the revenue, affirming the additions as the assessee's undisclosed income. en-us Tue, 21 Mar 1978 00:00:00 +0530 Sat, 03 Apr 2010 15:53:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38176 The court upheld the Income-tax Officer's findings that the sum of Rs. 3,10,000 in cash credits in the assessee's books constituted income from undisclosed sources. The Tribunal found that the assessee failed to prove the capacity of creditors to advance loans and the genuineness of transactions, leading to the conclusion that the burden of proof was not discharged. The court ruled in favor of the revenue, affirming the additions as the assessee's undisclosed income. Case-Laws Income Tax Tue, 21 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38176