https://www.taxtmi.com/caselaws?id=55176 The Tribunal reinstated the addition of Rs. 10,000 cash credit made by the Income Tax Officer. However, the addition of Rs. 40,000 from another creditor was deleted by the Commissioner (Appeals) and upheld by the Tribunal. The Accountant Member dissented, arguing the assessee failed to prove the source of the cash credit. The Third Member sided with the assessee, stating that the genuineness of the loan was adequately proven. Ultimately, the appeal was partly allowed, with the matter referred back for proper disposal based on the Third Member's decision. en-us Fri, 28 Sep 1984 00:00:00 +0530 Wed, 24 Nov 2010 12:38:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55176 The Tribunal reinstated the addition of Rs. 10,000 cash credit made by the Income Tax Officer. However, the addition of Rs. 40,000 from another creditor was deleted by the Commissioner (Appeals) and upheld by the Tribunal. The Accountant Member dissented, arguing the assessee failed to prove the source of the cash credit. The Third Member sided with the assessee, stating that the genuineness of the loan was adequately proven. Ultimately, the appeal was partly allowed, with the matter referred back for proper disposal based on the Third Member's decision. Case-Laws Income Tax Fri, 28 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55176