https://www.taxtmi.com/caselaws?id=787709 Additions treated as unexplained credits and deposits under the Income-tax Act were examined on documentary evidence; where identity, creditworthiness and genuineness of partners and transactions were established by contemporaneous documents and not controverted by the assessing officer, credits to partners' capital accounts and an unsecured loan cannot be treated as unexplained under Section 68, and cash deposits treated under Sections 69/69A cannot be sustained to the extent already considered by the appellate authority. Operative effect: the impugned additions were deleted and the appeal allowed in favour of the assessee. en-us Fri, 16 Jan 2026 00:00:00 +0530 Wed, 11 Mar 2026 08:17:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787709 Additions treated as unexplained credits and deposits under the Income-tax Act were examined on documentary evidence; where identity, creditworthiness and genuineness of partners and transactions were established by contemporaneous documents and not controverted by the assessing officer, credits to partners' capital accounts and an unsecured loan cannot be treated as unexplained under Section 68, and cash deposits treated under Sections 69/69A cannot be sustained to the extent already considered by the appellate authority. Operative effect: the impugned additions were deleted and the appeal allowed in favour of the assessee. Case-Laws Income Tax Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787709