https://www.taxtmi.com/caselaws?id=789111 Section 68 additions depend on the assessee's primary evidence of identity, creditworthiness and genuineness, and cannot be upheld on suspicion or general third-party material alone. For one assessment year, additional evidence was rejected because the assessee failed to explain non-production earlier and shifted its stand on the nature of receipts; the addition therefore remained. For later years, confirmations, bank statements, income-tax returns, audited accounts and proof of repayment through banking channels were treated as sufficient, while the Revenue failed to establish any cash trail or live nexus with alleged accommodation entries, so the additions and consequential interest disallowance did not survive. en-us Tue, 24 Feb 2026 00:00:00 +0530 Fri, 03 Apr 2026 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789111 Section 68 additions depend on the assessee's primary evidence of identity, creditworthiness and genuineness, and cannot be upheld on suspicion or general third-party material alone. For one assessment year, additional evidence was rejected because the assessee failed to explain non-production earlier and shifted its stand on the nature of receipts; the addition therefore remained. For later years, confirmations, bank statements, income-tax returns, audited accounts and proof of repayment through banking channels were treated as sufficient, while the Revenue failed to establish any cash trail or live nexus with alleged accommodation entries, so the additions and consequential interest disallowance did not survive. Case-Laws Income Tax Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789111