https://www.taxtmi.com/caselaws?id=39274 The court ruled in favor of the assessee, holding that the unexplained transaction of Rs. 17,840 was not taxable income. The amount was not a cash credit but part of total sales transactions already taxed. As it was not an independent cash credit, the court found no basis for further addition. The decision in Kuppuswami Mudaliar v. Commissioner of Income-tax was deemed inapplicable, leading to the deletion of the Income-tax Officer's additions. en-us Wed, 02 Jul 1975 00:00:00 +0530 Wed, 14 Apr 2010 12:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39274 The court ruled in favor of the assessee, holding that the unexplained transaction of Rs. 17,840 was not taxable income. The amount was not a cash credit but part of total sales transactions already taxed. As it was not an independent cash credit, the court found no basis for further addition. The decision in Kuppuswami Mudaliar v. Commissioner of Income-tax was deemed inapplicable, leading to the deletion of the Income-tax Officer's additions. Case-Laws Income Tax Wed, 02 Jul 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39274