https://www.taxtmi.com/caselaws?id=785543 Dispute concerns treatment of outstanding receivables related to NSEL transactions and applicability of unexplained money provisions where transactions were recorded in books. The legal basis emphasized that unexplained money provisions apply to unrecorded transactions, and because the transactions were reflected in the assessee's books the addition could not be sustained; consequence: deletion of the addition. The assessment officer's characterisation of receivables as investments made in the year was also rejected due to evidence of recovery efforts, partial recoveries and sub judice proceedings, resulting in dismissal of the revenue appeal. en-us Mon, 15 Dec 2025 00:00:00 +0530 Sat, 24 Jan 2026 12:14:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785543 Dispute concerns treatment of outstanding receivables related to NSEL transactions and applicability of unexplained money provisions where transactions were recorded in books. The legal basis emphasized that unexplained money provisions apply to unrecorded transactions, and because the transactions were reflected in the assessee's books the addition could not be sustained; consequence: deletion of the addition. The assessment officer's characterisation of receivables as investments made in the year was also rejected due to evidence of recovery efforts, partial recoveries and sub judice proceedings, resulting in dismissal of the revenue appeal. Case-Laws Income Tax Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785543