https://www.taxtmi.com/caselaws?id=787563 Treatment of company deposits as unexplained income focuses on whether the assessee can be shown to be the owner of sums received by a company; the legal principle applied requires positive attribution of ownership before company receipts can be assessed as the director's unexplained income, and absence of such proof defeats the addition. Protective assessments founded solely on a substantive addition lack independent basis once the substantive assessment is deleted; consequently, protective additions must also be set aside where they rest entirely on the deleted substantive finding. en-us Wed, 28 Jan 2026 00:00:00 +0530 Fri, 06 Mar 2026 16:53:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787563 Treatment of company deposits as unexplained income focuses on whether the assessee can be shown to be the owner of sums received by a company; the legal principle applied requires positive attribution of ownership before company receipts can be assessed as the director's unexplained income, and absence of such proof defeats the addition. Protective assessments founded solely on a substantive addition lack independent basis once the substantive assessment is deleted; consequently, protective additions must also be set aside where they rest entirely on the deleted substantive finding. Case-Laws Income Tax Wed, 28 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787563