https://www.taxtmi.com/caselaws?id=208120 Interpretation of unexplained cash credits emphasizes that only fresh loans recorded in the year under consideration are attributable as unexplained credits; inclusion of prior-year unsecured loan balances and notional interest as additions was unsustainable, so only additions corresponding to loans arising in the relevant year are to be considered. Marginal 1% gross profit variation and improper inclusion of DEPB income cannot justify a gross profit based addition. Payments through bank and demonstrable creditor creditworthiness negate additions for sundry creditors; absence of such evidence warrants confirmation of additions. en-us Wed, 30 Nov 2011 00:00:00 +0530 Tue, 27 Jan 2026 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208120 Interpretation of unexplained cash credits emphasizes that only fresh loans recorded in the year under consideration are attributable as unexplained credits; inclusion of prior-year unsecured loan balances and notional interest as additions was unsustainable, so only additions corresponding to loans arising in the relevant year are to be considered. Marginal 1% gross profit variation and improper inclusion of DEPB income cannot justify a gross profit based addition. Payments through bank and demonstrable creditor creditworthiness negate additions for sundry creditors; absence of such evidence warrants confirmation of additions. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208120