2012 (6) TMI 260

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..... ssee's failure to establish the cash credits with acceptable evidence about the genuineness, capacity and creditworthiness of the donors and the details and the accounts of donors. Decided against assessee - ITA.No. 409 of 2010 - - - Dated:- 29-2-2012 - MR.JUSTICE C.N.RAMACHANDRAN NAIR, MR. JUSTICE BABU MATHEW P.JOSEPH, JJ. For Appellant: SRI.ANIL D. NAIR, SRI.NIVEDITA A. KAMATH For .....

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..... quently the unexplained cash credits were treated as unaccounted income and assets in the hands of the assessee. On appeal by the assessee the Tribunal relied on the decision of the Division Bench in Sandeep Kumar v. Commissioner of Income Tax (2007) 293 ITR 294 and decision of the Hon'ble Supreme Court in Commissioner of Income Tax v. P. Mohanakala (2007) 291 ITR 278(SC) and confirmed the assessm .....

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