https://www.taxtmi.com/caselaws?id=789042 An addition as unexplained cash credit under section 68 could not be sustained where the assessee furnished complete customer-wise particulars, supporting invoices, bank records and cash book entries showing advances from customers, and the Assessing Officer made no meaningful independent verification. The assessee thereby discharged the initial onus by establishing identity and source of the receipts; in the absence of basic enquiry such as notices under section 133(6) or sample customer verification, the Revenue could not treat the receipts as unexplained. The addition was deleted. en-us Thu, 26 Mar 2026 00:00:00 +0530 Thu, 02 Apr 2026 08:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789042 An addition as unexplained cash credit under section 68 could not be sustained where the assessee furnished complete customer-wise particulars, supporting invoices, bank records and cash book entries showing advances from customers, and the Assessing Officer made no meaningful independent verification. The assessee thereby discharged the initial onus by establishing identity and source of the receipts; in the absence of basic enquiry such as notices under section 133(6) or sample customer verification, the Revenue could not treat the receipts as unexplained. The addition was deleted. Case-Laws Income Tax Thu, 26 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789042