https://www.taxtmi.com/caselaws?id=39837 Undisclosed cash credits in books require the assessee to prove that the third parties were capable of and in fact lent the sums; failure to satisfy the Income-tax Officer permits treatment of those deposits as the assessee's income. The tribunal's acceptance of the AO's factual inference that the representatives' explanations were inadequate was a pure finding of fact and a precedent relied upon was distinguishable on the record. The consequence is sustenance of the assessment treating the credits as income where the assessee did not discharge the onus to establish genuineness of the entries. en-us Wed, 14 Feb 1973 00:00:00 +0530 Tue, 20 Jan 2026 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39837 Undisclosed cash credits in books require the assessee to prove that the third parties were capable of and in fact lent the sums; failure to satisfy the Income-tax Officer permits treatment of those deposits as the assessee's income. The tribunal's acceptance of the AO's factual inference that the representatives' explanations were inadequate was a pure finding of fact and a precedent relied upon was distinguishable on the record. The consequence is sustenance of the assessment treating the credits as income where the assessee did not discharge the onus to establish genuineness of the entries. Case-Laws Income Tax Wed, 14 Feb 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39837