https://www.taxtmi.com/caselaws?id=778452 An addition as unexplained cash credit under section 68, based on alleged client code modification in share transactions, was held unsustainable where the assessee denied entering into the transaction and denied ownership of the relevant shares on the alleged date. The Revenue failed to produce documentary evidence showing that the assessee owned or sold the shares, or that the client code modification in question actually related to the assessee. In the absence of material linking the assessee to the attributed transaction, the addition could not be maintained and was deleted in favour of the assessee. en-us Fri, 17 Jan 2025 00:00:00 +0530 Wed, 17 Sep 2025 08:31:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778452 An addition as unexplained cash credit under section 68, based on alleged client code modification in share transactions, was held unsustainable where the assessee denied entering into the transaction and denied ownership of the relevant shares on the alleged date. The Revenue failed to produce documentary evidence showing that the assessee owned or sold the shares, or that the client code modification in question actually related to the assessee. In the absence of material linking the assessee to the attributed transaction, the addition could not be maintained and was deleted in favour of the assessee. Case-Laws Income Tax Fri, 17 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778452