https://www.taxtmi.com/caselaws?id=788906 Cash receipts already disclosed as professional income in the return could not be recharacterised as unexplained cash credit under section 68 for the same assessment year, as that would result in double addition. The ITAT also noted that enhancement of income in first appeal was unsustainable because no show-cause notice or opportunity of hearing was given to the assessee. On these grounds, the addition sustained and enhanced in appeal was deleted and the assessee's declared income position was restored. en-us Fri, 13 Mar 2026 00:00:00 +0530 Tue, 31 Mar 2026 08:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788906 Cash receipts already disclosed as professional income in the return could not be recharacterised as unexplained cash credit under section 68 for the same assessment year, as that would result in double addition. The ITAT also noted that enhancement of income in first appeal was unsustainable because no show-cause notice or opportunity of hearing was given to the assessee. On these grounds, the addition sustained and enhanced in appeal was deleted and the assessee's declared income position was restored. Case-Laws Income Tax Fri, 13 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788906