https://www.taxtmi.com/caselaws?id=39420 The High Court held that the appellant successfully proved the source of cash credits, shifting the burden to the Income-tax Officer (ITO). The Court found the ITO's rejection of creditor explanations unjustified, concluding the appellant had discharged the onus under section 68 of the Income-tax Act. The addition of Rs. 15,000 as undisclosed income was deemed unwarranted, and the appellant was awarded costs. en-us Wed, 11 Dec 1974 00:00:00 +0530 Fri, 16 Apr 2010 13:10:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39420 The High Court held that the appellant successfully proved the source of cash credits, shifting the burden to the Income-tax Officer (ITO). The Court found the ITO's rejection of creditor explanations unjustified, concluding the appellant had discharged the onus under section 68 of the Income-tax Act. The addition of Rs. 15,000 as undisclosed income was deemed unwarranted, and the appellant was awarded costs. Case-Laws Income Tax Wed, 11 Dec 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39420