https://www.taxtmi.com/caselaws?id=60775 In a cash-credit dispute, once the assessee shows receipt of funds from identifiable corporate entities assessed to tax, it is not required to prove the source of the source unless the Revenue links the credited money to the assessee's own undisclosed income. The article also notes that adverse material used in assessment must be properly confronted to the assessee before reliance is placed on it, as a matter of fair hearing. On the unexplained expenditure issue, a search document was treated as showing that the expenditure was incurred, even though it was not allowable as business expenditure. en-us Thu, 30 Apr 1998 00:00:00 +0530 Sat, 08 Jan 2011 10:12:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60775 In a cash-credit dispute, once the assessee shows receipt of funds from identifiable corporate entities assessed to tax, it is not required to prove the source of the source unless the Revenue links the credited money to the assessee's own undisclosed income. The article also notes that adverse material used in assessment must be properly confronted to the assessee before reliance is placed on it, as a matter of fair hearing. On the unexplained expenditure issue, a search document was treated as showing that the expenditure was incurred, even though it was not allowable as business expenditure. Case-Laws Income Tax Thu, 30 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60775