https://www.taxtmi.com/caselaws?id=56511 Entertainment tax retained under a grant-in-aid scheme after commencement of cinema operations constituted revenue receipt because it supported ongoing business in backward areas and was not earmarked for capital assets; quantification by reference to entertainment tax did not alter its character. Unexplained cash-credit addition was sustainable where the creditor's capacity and transaction genuineness were not established, since confirmation and identity alone did not prove creditworthiness or source of funds. Freight and cartage disallowance was also sustained because adequate supporting details were not produced to verify the expenditure or challenge the estimate. The additions and disallowances were affirmed. en-us Wed, 24 Apr 2002 00:00:00 +0530 Sat, 04 Dec 2010 11:38:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56511 Entertainment tax retained under a grant-in-aid scheme after commencement of cinema operations constituted revenue receipt because it supported ongoing business in backward areas and was not earmarked for capital assets; quantification by reference to entertainment tax did not alter its character. Unexplained cash-credit addition was sustainable where the creditor's capacity and transaction genuineness were not established, since confirmation and identity alone did not prove creditworthiness or source of funds. Freight and cartage disallowance was also sustained because adequate supporting details were not produced to verify the expenditure or challenge the estimate. The additions and disallowances were affirmed. Case-Laws Income Tax Wed, 24 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56511