https://www.taxtmi.com/caselaws?id=786060 Assessee discharged initial burden to prove identity, creditworthiness and genuineness of alleged cash credits by producing company registration, PAN, audited financial statements, ITRs, and an investment agreement showing advances for future property purchase; Tribunal found the AO made no independent enquiries and that creditworthiness and genuineness were established, deleting additions under unexplained cash credit. Claim of agricultural income accepted as previously admitted in earlier years and not rebutted by Revenue, deletion directed. Long term capital gains treated as genuine where shares were acquired by preferential allotment, paid by accountpayee cheques, held over one year and sold on recognised exchange with STT paid; exemption under capital gains sustained. en-us Wed, 28 Jan 2026 00:00:00 +0530 Thu, 05 Feb 2026 09:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786060 Assessee discharged initial burden to prove identity, creditworthiness and genuineness of alleged cash credits by producing company registration, PAN, audited financial statements, ITRs, and an investment agreement showing advances for future property purchase; Tribunal found the AO made no independent enquiries and that creditworthiness and genuineness were established, deleting additions under unexplained cash credit. Claim of agricultural income accepted as previously admitted in earlier years and not rebutted by Revenue, deletion directed. Long term capital gains treated as genuine where shares were acquired by preferential allotment, paid by accountpayee cheques, held over one year and sold on recognised exchange with STT paid; exemption under capital gains sustained. Case-Laws Income Tax Wed, 28 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786060