https://www.taxtmi.com/caselaws?id=789575 On-money receipts routed into the books as unexplained unsecured loans may be taxed only to the extent of the amounts actually introduced, rather than by taxing the entire estimated gross on-money figure. The record also indicates that telescoping of income declared in an earlier year was not allowed because the assessee did not establish a sufficient basis for adjusting that earlier income against the additions sustained in the relevant years. The appellate findings on the cash flow and book entries were treated as factual and were not shown to be perverse, so the sustained additions remained in force. en-us Wed, 08 Apr 2026 00:00:00 +0530 Fri, 10 Apr 2026 09:00:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789575 On-money receipts routed into the books as unexplained unsecured loans may be taxed only to the extent of the amounts actually introduced, rather than by taxing the entire estimated gross on-money figure. The record also indicates that telescoping of income declared in an earlier year was not allowed because the assessee did not establish a sufficient basis for adjusting that earlier income against the additions sustained in the relevant years. The appellate findings on the cash flow and book entries were treated as factual and were not shown to be perverse, so the sustained additions remained in force. Case-Laws Income Tax Wed, 08 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789575