https://www.taxtmi.com/caselaws?id=49413 The SC upheld the HC's decision against the assessee, affirming the treatment of credit entry income as profits from undisclosed sources. The judgment emphasized the assessee's burden to prove the source of cash credits and rejected the argument that estimated income from disclosed sources precludes treating credit entry income as undisclosed. Appeals were dismissed, with costs awarded against the assessee. en-us Fri, 08 Feb 1963 00:00:00 +0530 Tue, 21 May 2024 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49413 The SC upheld the HC's decision against the assessee, affirming the treatment of credit entry income as profits from undisclosed sources. The judgment emphasized the assessee's burden to prove the source of cash credits and rejected the argument that estimated income from disclosed sources precludes treating credit entry income as undisclosed. Appeals were dismissed, with costs awarded against the assessee. Case-Laws Income Tax Fri, 08 Feb 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49413