https://www.taxtmi.com/caselaws?id=39565 The High Court affirmed the decision of the Appellate Tribunal, ruling that the sum of Rs. 45,900 was correctly treated as income from undisclosed sources for the assessee. The court found the explanation provided regarding the cash credits to be unsatisfactory, upholding the addition under Section 68 of the Income-tax Act. Despite citing relevant case law, the court determined that the Tribunal's decision was reasonable and supported by substantial evidence, ultimately holding in favor of the tax authorities and ordering the assessee to pay costs and a hearing fee. en-us Sat, 25 Aug 1973 00:00:00 +0530 Sat, 17 Apr 2010 12:44:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39565 The High Court affirmed the decision of the Appellate Tribunal, ruling that the sum of Rs. 45,900 was correctly treated as income from undisclosed sources for the assessee. The court found the explanation provided regarding the cash credits to be unsatisfactory, upholding the addition under Section 68 of the Income-tax Act. Despite citing relevant case law, the court determined that the Tribunal's decision was reasonable and supported by substantial evidence, ultimately holding in favor of the tax authorities and ordering the assessee to pay costs and a hearing fee. Case-Laws Income Tax Sat, 25 Aug 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39565