https://www.taxtmi.com/caselaws?id=789741 Protective addition under section 68 for alleged accommodation entries was held unsustainable where audited books, bills, vouchers, bank records and ledger details showed genuine livestock sales, the transactions were cross-verified, and no corresponding substantive addition was made in the purchaser's assessment. On that factual basis, the receipts could not be treated as unexplained credits, and the related protective addition was deleted. The consequential ad hoc commission addition at 1% of bank credits also failed because it depended entirely on the rejected accommodation-entry allegation and lacked an independent factual basis. The commentary states that both additions were rightly deleted. en-us Thu, 12 Feb 2026 00:00:00 +0530 Tue, 14 Apr 2026 08:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789741 Protective addition under section 68 for alleged accommodation entries was held unsustainable where audited books, bills, vouchers, bank records and ledger details showed genuine livestock sales, the transactions were cross-verified, and no corresponding substantive addition was made in the purchaser's assessment. On that factual basis, the receipts could not be treated as unexplained credits, and the related protective addition was deleted. The consequential ad hoc commission addition at 1% of bank credits also failed because it depended entirely on the rejected accommodation-entry allegation and lacked an independent factual basis. The commentary states that both additions were rightly deleted. Case-Laws Income Tax Thu, 12 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789741