https://www.taxtmi.com/caselaws?id=786779 Additions relating to a loan cannot be sustained under the unexplained-money provision where the transaction falls within the scope of unexplained cash credits; applying the wrong charging provision vitiates the assessment. Cash-deposit additions also require cogent contrary evidence where the taxpayer has identified sources including opening cash balance, rental income, interest income and agricultural receipts. Sustaining an addition on surmise without independent inquiry is insufficient. Appellate reasoning must comply with the statutory requirements for further inquiry and reasoned disposal. On these principles, the disputed additions were deleted and appeal effect was directed. en-us Mon, 16 Feb 2026 00:00:00 +0530 Thu, 19 Feb 2026 07:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786779 Additions relating to a loan cannot be sustained under the unexplained-money provision where the transaction falls within the scope of unexplained cash credits; applying the wrong charging provision vitiates the assessment. Cash-deposit additions also require cogent contrary evidence where the taxpayer has identified sources including opening cash balance, rental income, interest income and agricultural receipts. Sustaining an addition on surmise without independent inquiry is insufficient. Appellate reasoning must comply with the statutory requirements for further inquiry and reasoned disposal. On these principles, the disputed additions were deleted and appeal effect was directed. Case-Laws Income Tax Mon, 16 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786779