https://www.taxtmi.com/caselaws?id=787864 Unexplained receipts and alleged accommodation entries require the taxpayer to establish the identity, genuineness and creditworthiness of the parties and transactions relied upon. PAN details and ledger entries alone do not discharge that burden where statutory inquiries, physical verification and summons produce no response or corroborative evidence. Failure to substantiate share-sale proceeds as the source of receipts permits a best-judgment assessment and supports additions for unexplained receipts, with consequential interest and penalty proceedings. The additions were sustained because the three essential evidentiary factors were not established. en-us Fri, 13 Feb 2026 00:00:00 +0530 Fri, 13 Mar 2026 08:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787864 Unexplained receipts and alleged accommodation entries require the taxpayer to establish the identity, genuineness and creditworthiness of the parties and transactions relied upon. PAN details and ledger entries alone do not discharge that burden where statutory inquiries, physical verification and summons produce no response or corroborative evidence. Failure to substantiate share-sale proceeds as the source of receipts permits a best-judgment assessment and supports additions for unexplained receipts, with consequential interest and penalty proceedings. The additions were sustained because the three essential evidentiary factors were not established. Case-Laws Income Tax Fri, 13 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787864