https://www.taxtmi.com/caselaws?id=787411 Where bank credits originate from a third party and investigation shows the account holder acted merely as a conduit, those credits do not constitute unexplained income of the account holder; however, permitting use of the account can generate a limited taxable benefit. The Tribunal accordingly rejected treating full credits as the assessee's income and instead estimated taxable commission by applying a reasonable percentage of the turnover routed through the account, assessing 0.5% of routed turnover as commission income to be taxed in the assessee's hands. en-us Fri, 23 Jan 2026 00:00:00 +0530 Thu, 05 Mar 2026 08:41:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787411 Where bank credits originate from a third party and investigation shows the account holder acted merely as a conduit, those credits do not constitute unexplained income of the account holder; however, permitting use of the account can generate a limited taxable benefit. The Tribunal accordingly rejected treating full credits as the assessee's income and instead estimated taxable commission by applying a reasonable percentage of the turnover routed through the account, assessing 0.5% of routed turnover as commission income to be taxed in the assessee's hands. Case-Laws Income Tax Fri, 23 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787411