https://www.taxtmi.com/caselaws?id=784850 Addition under section 68 was challenged on the ground that the alleged cash-credit transaction did not take place in the impugned assessment year; because the transaction was factually not within that year, no cause of action arose to treat it as unexplained credit in that year and the revenue's challenge failed. The legal point emphasises the necessity of temporal nexus between the transaction and the assessment year and the requirement that chargeability under unexplained cash credits depends on occurrence within the relevant year. en-us Tue, 06 Jan 2026 00:00:00 +0530 Tue, 13 Jan 2026 08:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784850 Addition under section 68 was challenged on the ground that the alleged cash-credit transaction did not take place in the impugned assessment year; because the transaction was factually not within that year, no cause of action arose to treat it as unexplained credit in that year and the revenue's challenge failed. The legal point emphasises the necessity of temporal nexus between the transaction and the assessment year and the requirement that chargeability under unexplained cash credits depends on occurrence within the relevant year. Case-Laws Income Tax Tue, 06 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784850