https://www.taxtmi.com/caselaws?id=38773 The court ruled against the assessee in a tax assessment case involving the deletion of Rs. 31,000 added by the Income-tax Officer as income from "other sources." The Tribunal's decision to delete the addition was overturned as it was found that the hundi credits were unverifiable and not linked to previous intangible additions. The court emphasized the need for the assessee to prove the source of credits and rejected the Tribunal's allowance of set-off without proper verification. The court did not address the reasonableness of the Tribunal's conclusion and no costs were awarded. en-us Tue, 27 Jul 1976 00:00:00 +0530 Fri, 09 Apr 2010 10:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38773 The court ruled against the assessee in a tax assessment case involving the deletion of Rs. 31,000 added by the Income-tax Officer as income from "other sources." The Tribunal's decision to delete the addition was overturned as it was found that the hundi credits were unverifiable and not linked to previous intangible additions. The court emphasized the need for the assessee to prove the source of credits and rejected the Tribunal's allowance of set-off without proper verification. The court did not address the reasonableness of the Tribunal's conclusion and no costs were awarded. Case-Laws Income Tax Tue, 27 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38773