https://www.taxtmi.com/caselaws?id=39133 The High Court of Punjab and Haryana upheld the Income-tax Officer's decision that a cash credit of Rs. 10,000 in the name of Shri Narinder Kumar was not acceptable due to insufficient means. The Appellate Assistant Commissioner granted relief of Rs. 3,000 as income from agricultural land. The Tribunal affirmed the finding on Narinder Kumar's capacity and granted additional relief of Rs. 3,000. Ultimately, Rs. 4,000 was added to the assessee's income under section 68 of the Income-tax Act, 1961. The court rejected the assessee's request for more evidence, stating that if an assessee fails to explain a credited sum satisfactorily, it may be charged as income-tax. en-us Mon, 11 Oct 1976 00:00:00 +0530 Tue, 13 Apr 2010 11:40:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39133 The High Court of Punjab and Haryana upheld the Income-tax Officer's decision that a cash credit of Rs. 10,000 in the name of Shri Narinder Kumar was not acceptable due to insufficient means. The Appellate Assistant Commissioner granted relief of Rs. 3,000 as income from agricultural land. The Tribunal affirmed the finding on Narinder Kumar's capacity and granted additional relief of Rs. 3,000. Ultimately, Rs. 4,000 was added to the assessee's income under section 68 of the Income-tax Act, 1961. The court rejected the assessee's request for more evidence, stating that if an assessee fails to explain a credited sum satisfactorily, it may be charged as income-tax. Case-Laws Income Tax Mon, 11 Oct 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39133