https://www.taxtmi.com/caselaws?id=790059 Receipt recorded as repayment of an earlier advance could not be taxed as unexplained cash credit or unexplained investment, and the related commission addition also lacked an independent basis; the deletion of both additions was therefore upheld. The addition for bogus purchases and fabricated bills also failed because the contemporaneous records for the relevant year, including ledgers, invoices, shipping bills and foreign exchange realisation certificates, supported export activity and did not substantiate the alleged garment trading or fabricated transactions. On the record, no surviving addition remained against the assessee, so the appellate relief was affirmed. en-us Wed, 15 Apr 2026 00:00:00 +0530 Sat, 18 Apr 2026 08:22:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790059 Receipt recorded as repayment of an earlier advance could not be taxed as unexplained cash credit or unexplained investment, and the related commission addition also lacked an independent basis; the deletion of both additions was therefore upheld. The addition for bogus purchases and fabricated bills also failed because the contemporaneous records for the relevant year, including ledgers, invoices, shipping bills and foreign exchange realisation certificates, supported export activity and did not substantiate the alleged garment trading or fabricated transactions. On the record, no surviving addition remained against the assessee, so the appellate relief was affirmed. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790059