https://www.taxtmi.com/caselaws?id=779161 ITAT found that cash-credit entries were satisfactorily explained as interlinked cash-credit account receipts and corresponding cross-entries with a related HUF and another firm, deleted the additions of Rs.85 lakhs and Rs.50 lakhs and allowed the appeal on that issue. For an alleged undisclosed receipt of Rs.1,32,708 reflected in Form 26AS, the assessee failed to prove non-receipt; the Tribunal directed the AO to treat it as contract receipts and compute taxable income at 10% of the sum. en-us Mon, 20 Jan 2025 00:00:00 +0530 Tue, 30 Sep 2025 08:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779161 ITAT found that cash-credit entries were satisfactorily explained as interlinked cash-credit account receipts and corresponding cross-entries with a related HUF and another firm, deleted the additions of Rs.85 lakhs and Rs.50 lakhs and allowed the appeal on that issue. For an alleged undisclosed receipt of Rs.1,32,708 reflected in Form 26AS, the assessee failed to prove non-receipt; the Tribunal directed the AO to treat it as contract receipts and compute taxable income at 10% of the sum. Case-Laws Income Tax Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779161