https://www.taxtmi.com/caselaws?id=788183 Whether Section 69C applies where purchases are recorded and payments are made from disclosed bank sources was examined: the Tribunal applied the principle that recorded transactions supported by traceable bank payments and third party verifications negate any unexplained credit; accordingly, additions under Section 69C were found unsustainable on the admitted facts and deleted. The reasoning prioritised tracing of funds to accounted sources and sufficiency of books of account and external confirmations over treating payments as accommodation entries. en-us Fri, 30 Jan 2026 00:00:00 +0530 Wed, 18 Mar 2026 08:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788183 Whether Section 69C applies where purchases are recorded and payments are made from disclosed bank sources was examined: the Tribunal applied the principle that recorded transactions supported by traceable bank payments and third party verifications negate any unexplained credit; accordingly, additions under Section 69C were found unsustainable on the admitted facts and deleted. The reasoning prioritised tracing of funds to accounted sources and sufficiency of books of account and external confirmations over treating payments as accommodation entries. Case-Laws Income Tax Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788183