https://www.taxtmi.com/caselaws?id=408800 Section 68 applies only to sums credited in the assessee's regular books, so impounded diaries, notebooks and retrieved CPU data, without corroboration, could not by themselves sustain cash-credit additions. Where the assessee showed a plausible source of funds from a group company and supporting cash flow records, alleged land and investment entries were not established as unexplained investments under section 69. Alleged conference-related outgoings were also not proved to be the assessee's expenditure, so section 69C was not attracted. However, where diary receipts remained unexplained, they were treated as unaccounted business sales and only estimated gross profit was brought to tax, leaving the balance additions unsustained. en-us Wed, 09 Jun 2021 00:00:00 +0530 Thu, 16 Sep 2021 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408800 Section 68 applies only to sums credited in the assessee's regular books, so impounded diaries, notebooks and retrieved CPU data, without corroboration, could not by themselves sustain cash-credit additions. Where the assessee showed a plausible source of funds from a group company and supporting cash flow records, alleged land and investment entries were not established as unexplained investments under section 69. Alleged conference-related outgoings were also not proved to be the assessee's expenditure, so section 69C was not attracted. However, where diary receipts remained unexplained, they were treated as unaccounted business sales and only estimated gross profit was brought to tax, leaving the balance additions unsustained. Case-Laws Income Tax Wed, 09 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408800