https://www.taxtmi.com/caselaws?id=788858 Bank credits were treated as unexplained income where the transaction pattern indicated routing of funds and accommodation entries, and the assessee failed to substantiate genuine fabric trading with dispatch and delivery records. The Tribunal held that restricting the addition to alleged commission income was incorrect and sustained the full addition under section 69A. Because the substantive addition survived, the penalty under section 271(1)(c) was also maintained. The Revenue's appeals therefore succeeded, with both the addition and the related penalty upheld. en-us Fri, 27 Mar 2026 00:00:00 +0530 Mon, 30 Mar 2026 08:48:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788858 Bank credits were treated as unexplained income where the transaction pattern indicated routing of funds and accommodation entries, and the assessee failed to substantiate genuine fabric trading with dispatch and delivery records. The Tribunal held that restricting the addition to alleged commission income was incorrect and sustained the full addition under section 69A. Because the substantive addition survived, the penalty under section 271(1)(c) was also maintained. The Revenue's appeals therefore succeeded, with both the addition and the related penalty upheld. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788858