https://www.taxtmi.com/caselaws?id=786410 Section 68 requires a specific sum to be found credited whose nature and source are unexplained. The substitution of a benchmark interest rate to compute an alleged excessive interest differential does not create an independent unexplained credit; payments were routed through banking channels and the addition of Rs. 5,31,46,170 is therefore unsustainable in favour of the assessee. The alleged addition of Rs. 30,09,99,829 arose from regrouping of running account balances and lacked identification of any discrete unexplained credit; deletion of that addition was correct in favour of the assessee. Matter remitted for limited verification and consequential recomputation if required. en-us Mon, 09 Feb 2026 00:00:00 +0530 Thu, 12 Feb 2026 09:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786410 Section 68 requires a specific sum to be found credited whose nature and source are unexplained. The substitution of a benchmark interest rate to compute an alleged excessive interest differential does not create an independent unexplained credit; payments were routed through banking channels and the addition of Rs. 5,31,46,170 is therefore unsustainable in favour of the assessee. The alleged addition of Rs. 30,09,99,829 arose from regrouping of running account balances and lacked identification of any discrete unexplained credit; deletion of that addition was correct in favour of the assessee. Matter remitted for limited verification and consequential recomputation if required. Case-Laws Income Tax Mon, 09 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786410