https://www.taxtmi.com/caselaws?id=39338 Cash credit in a third party's accounts could not be treated as the assessee's undisclosed income without direct, reliable evidence linking the assessee to the disputed entry. The record showed that the credits originated from the same person through an intermediary, and there was no sound basis to isolate one entry as a separate lending transaction by the assessee. On the evidence as a whole, the fact-finding conclusion was unsupported by relevant material and could not stand; the addition was therefore not justified and was answered in favour of the assessee. en-us Tue, 01 Oct 1974 00:00:00 +0530 Thu, 15 Apr 2010 16:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39338 Cash credit in a third party's accounts could not be treated as the assessee's undisclosed income without direct, reliable evidence linking the assessee to the disputed entry. The record showed that the credits originated from the same person through an intermediary, and there was no sound basis to isolate one entry as a separate lending transaction by the assessee. On the evidence as a whole, the fact-finding conclusion was unsupported by relevant material and could not stand; the addition was therefore not justified and was answered in favour of the assessee. Case-Laws Income Tax Tue, 01 Oct 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39338