https://www.taxtmi.com/caselaws?id=39347 An unexplained cash credit was treated as explained where the assessee's explanation that the amount formed part of an earlier fixed deposit was accepted on surrounding circumstances and broad probabilities. The court treated the question whether such a credit constitutes income as one of fact, dependent on the evidence and record, and declined to interfere because the finding was neither unsupported by evidence nor perverse. A passing reference to the conditions of the year 1956 did not shift the legal burden to the revenue. The credit was therefore not assessed as income from undisclosed sources on the facts found. en-us Wed, 31 Jul 1974 00:00:00 +0530 Thu, 15 Apr 2010 17:16:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39347 An unexplained cash credit was treated as explained where the assessee's explanation that the amount formed part of an earlier fixed deposit was accepted on surrounding circumstances and broad probabilities. The court treated the question whether such a credit constitutes income as one of fact, dependent on the evidence and record, and declined to interfere because the finding was neither unsupported by evidence nor perverse. A passing reference to the conditions of the year 1956 did not shift the legal burden to the revenue. The credit was therefore not assessed as income from undisclosed sources on the facts found. Case-Laws Income Tax Wed, 31 Jul 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39347