1978 (7) TMI 171

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... etc. In the course of the assessment proceedings for the asst. yr. 1975 76 (year ending 31st March, 1975) the ITO noticed cash credits in the accounts to the sum of Rs. 90,500. The ITO for the reasons maintained in her order added the above cash credits as the income of the assessee under the head "other sources" On appeal the AAC found that the ITO had rejected the explanation of the assessee re....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed the initial burden cast upon it by production of confirmatory letters from the creditors. He pointed out that the creditors were not fictitious and that further the creditors were owning agricultural lands from which they were deriving substantial income as evidenced by the certificate from the village Munsiff, produced before the authorities below. He further pointed out that in the case of cr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... had relied upon certain statements said to have been recorded admittedly behind the back of the assessee by the Income tax Inspector for the purpose of holding that the confirmatory letters were bogus. It is not the case of the Revenue that the assessee was not called upon to produce the creditors and that the assessee failed to do so. It is pointed out that Sri Nathan Mohamed, Sri Varusai Mohame....