https://www.taxtmi.com/caselaws?id=787153 Whether unexplained cash credits were sustainable where the assessee disclosed only the trading profit and produced contract notes, broker ledgers and bank statements was the central issue; the Tribunal held that for commodity trading/spot arbitrage the tax consequence arises from the profit component rather than treating gross turnover as credit under the unexplained credits provision, and having regard to identical facts and prior favourable finding in the subsequent year and the documentary evidence, the large addition under the unexplained credits provision was held unjustified and the appeal was partly allowed for the assessee. en-us Mon, 23 Feb 2026 00:00:00 +0530 Fri, 27 Feb 2026 08:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787153 Whether unexplained cash credits were sustainable where the assessee disclosed only the trading profit and produced contract notes, broker ledgers and bank statements was the central issue; the Tribunal held that for commodity trading/spot arbitrage the tax consequence arises from the profit component rather than treating gross turnover as credit under the unexplained credits provision, and having regard to identical facts and prior favourable finding in the subsequent year and the documentary evidence, the large addition under the unexplained credits provision was held unjustified and the appeal was partly allowed for the assessee. Case-Laws Income Tax Mon, 23 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787153