https://www.taxtmi.com/caselaws?id=785962 Addition under section 68 treated credit card payments as unexplained cash credits; the central issue is verification of the source of those payments, a factual inquiry requiring examination of reimbursements, confirmation letters, bank entries and nexus with personal or thirdparty expenditure. The taxpayer asserted many payments were made on behalf of relatives and friends and later reimbursed, and has now produced confirmations and supporting material which were not adequately examined by the Assessing Officer. The tribunal found merit in the evidence and restored the matter to the AO for fresh verification within law after affording the assessee opportunity to be heard. en-us Thu, 29 Jan 2026 00:00:00 +0530 Tue, 03 Feb 2026 08:39:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785962 Addition under section 68 treated credit card payments as unexplained cash credits; the central issue is verification of the source of those payments, a factual inquiry requiring examination of reimbursements, confirmation letters, bank entries and nexus with personal or thirdparty expenditure. The taxpayer asserted many payments were made on behalf of relatives and friends and later reimbursed, and has now produced confirmations and supporting material which were not adequately examined by the Assessing Officer. The tribunal found merit in the evidence and restored the matter to the AO for fresh verification within law after affording the assessee opportunity to be heard. Case-Laws Income Tax Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785962