https://www.taxtmi.com/caselaws?id=785443 Addition under unexplained cash credit was challenged on the basis that the assessee had held and purchased the contested shares in earlier years, which were reflected in the balance sheet and accepted in prior assessments; the legal basis emphasises the burden on the taxpayer to establish identity, genuineness and creditworthiness, and where such investments were earlier accepted, the same cannot be doubted upon sale. Reliance on precedent confirming that prior departmental acceptance and consistent treatment of investments negates unexplained cash credit led to relief for the taxpayer. en-us Tue, 20 Jan 2026 00:00:00 +0530 Fri, 23 Jan 2026 09:10:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785443 Addition under unexplained cash credit was challenged on the basis that the assessee had held and purchased the contested shares in earlier years, which were reflected in the balance sheet and accepted in prior assessments; the legal basis emphasises the burden on the taxpayer to establish identity, genuineness and creditworthiness, and where such investments were earlier accepted, the same cannot be doubted upon sale. Reliance on precedent confirming that prior departmental acceptance and consistent treatment of investments negates unexplained cash credit led to relief for the taxpayer. Case-Laws Income Tax Tue, 20 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785443