https://www.taxtmi.com/caselaws?id=39241 The Tribunal confirmed the addition of Rs. 45,000 as undisclosed income under 'other sources' due to lack of evidence for one loan, while allowing deduction of Rs. 15,780 for interest on remaining loans. The Tribunal criticized the Income-tax Officer for not allowing cross-examination of witnesses, emphasizing natural justice. It stressed the assessee's duty to prove the source of cash credits and highlighted the importance of providing convincing evidence. The Tribunal upheld interest payment deductions for loans with proper documentation, emphasizing the need for credible evidence in income tax assessments. en-us Fri, 09 Jan 1976 00:00:00 +0530 Wed, 14 Apr 2010 10:32:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39241 The Tribunal confirmed the addition of Rs. 45,000 as undisclosed income under 'other sources' due to lack of evidence for one loan, while allowing deduction of Rs. 15,780 for interest on remaining loans. The Tribunal criticized the Income-tax Officer for not allowing cross-examination of witnesses, emphasizing natural justice. It stressed the assessee's duty to prove the source of cash credits and highlighted the importance of providing convincing evidence. The Tribunal upheld interest payment deductions for loans with proper documentation, emphasizing the need for credible evidence in income tax assessments. Case-Laws Income Tax Fri, 09 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39241