https://www.taxtmi.com/caselaws?id=771779 The SC/Tribunal addressed tax issues involving accommodation entries and unexplained cash credits. The court found the assessee was a pass-through entity used for routing unaccounted funds. The Rs. 10 crore share capital addition was deleted, while the Rs. 1,70,000 bank deposit was sustained as unexplained income under section 68. The ruling emphasized that mere conduit entities cannot be taxed for transactions where they derive no benefit. en-us Wed, 28 May 2025 00:00:00 +0530 Fri, 30 May 2025 08:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771779 The SC/Tribunal addressed tax issues involving accommodation entries and unexplained cash credits. The court found the assessee was a pass-through entity used for routing unaccounted funds. The Rs. 10 crore share capital addition was deleted, while the Rs. 1,70,000 bank deposit was sustained as unexplained income under section 68. The ruling emphasized that mere conduit entities cannot be taxed for transactions where they derive no benefit. Case-Laws Income Tax Wed, 28 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771779