1968 (8) TMI 5 - SUPREME COURT

Unexplained Cash Credits - Rejection Of Accounts - Where there is an explained cash credit, it is open to the ITO to hold that it is income of the assessee and no further burden lies on the ITO to show that that income is from any particular source - ITO was justified in its view that the impugned amount represented the assessee`s income from some undisclosed source - Revenue's appeal allowed