https://www.taxtmi.com/highlights?id=96629 Burden of proof for unexplained credits lies on the assessee in whose books the entries appear; the assessee must prove identity, creditworthiness and genuineness of creditors, failing which additions are sustainable. Evidence from search records and sworn statements established that the assessee functioned as a conduit for accommodation entries, so AO's additions treating credits as unexplained were restored. The CIT(A)'s view that protective additions fall because beneficiaries faced substantive additions was rejected; liability for unexplained credits attaches independently to the booked assessee, and consequential additions for parallel undisclosed cash routing were upheld. en-us Thu, 05 Feb 2026 09:16:12 +0530 Thu, 05 Feb 2026 09:16:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=96629 Burden of proof for unexplained credits lies on the assessee in whose books the entries appear; the assessee must prove identity, creditworthiness and genuineness of creditors, failing which additions are sustainable. Evidence from search records and sworn statements established that the assessee functioned as a conduit for accommodation entries, so AO's additions treating credits as unexplained were restored. The CIT(A)'s view that protective additions fall because beneficiaries faced substantive additions was rejected; liability for unexplained credits attaches independently to the booked assessee, and consequential additions for parallel undisclosed cash routing were upheld. Highlights Income Tax Thu, 05 Feb 2026 09:16:12 +0530 https://www.taxtmi.com/highlights?id=96629