https://www.taxtmi.com/caselaws?id=787714 Section 68 additions for alleged accommodation entries may not be sustained where advances are received through banking channels against purchase orders, subsequently repaid after cancellation within the same financial year, and supported by evidence of identity, creditworthiness and genuineness. Relevant evidence includes PAN details, income-tax returns, financial statements, confirmations, purchase orders, cancellation letters and bank statements. Repayment of the advances distinguishes the transaction from one-sided banking inflows commonly associated with accommodation entries and supports treatment of the credits as genuine. en-us Thu, 19 Feb 2026 00:00:00 +0530 Wed, 11 Mar 2026 08:17:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787714 Section 68 additions for alleged accommodation entries may not be sustained where advances are received through banking channels against purchase orders, subsequently repaid after cancellation within the same financial year, and supported by evidence of identity, creditworthiness and genuineness. Relevant evidence includes PAN details, income-tax returns, financial statements, confirmations, purchase orders, cancellation letters and bank statements. Repayment of the advances distinguishes the transaction from one-sided banking inflows commonly associated with accommodation entries and supports treatment of the credits as genuine. Case-Laws Income Tax Thu, 19 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787714