https://www.taxtmi.com/caselaws?id=786067 The primary issue is unexplained credits treated as accommodation entries: the assessee bears the initial burden to prove identity, creditworthiness and genuineness of creditors, and cannot rely solely on ledger reflection; consequence - additions treated as substantive are maintainable where search material and statements show conduit activity. The secondary issue is survival of protective additions when beneficiaries face substantive additions: the liability for unexplained credits is independent and protective deletions cannot be preserved merely because beneficiaries were assessed; consequence - protective additions are restored and consequential additions for routed cash transactions are upheld in favour of revenue. en-us Mon, 02 Feb 2026 00:00:00 +0530 Thu, 05 Feb 2026 09:16:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786067 The primary issue is unexplained credits treated as accommodation entries: the assessee bears the initial burden to prove identity, creditworthiness and genuineness of creditors, and cannot rely solely on ledger reflection; consequence - additions treated as substantive are maintainable where search material and statements show conduit activity. The secondary issue is survival of protective additions when beneficiaries face substantive additions: the liability for unexplained credits is independent and protective deletions cannot be preserved merely because beneficiaries were assessed; consequence - protective additions are restored and consequential additions for routed cash transactions are upheld in favour of revenue. Case-Laws Income Tax Mon, 02 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786067