https://www.taxtmi.com/caselaws?id=790235 Amounts received from a creditor were held not to be unexplained cash credits under section 68 where the creditor confirmed the transaction, the receipts were shown to be part of consideration for booking shops, and the amounts were later transferred to the partnership firm. The sale deed also supported the creditor's version, establishing the identity and nature of the receipt as property purchase consideration rather than a loan or unexplained advance. In the absence of contrary material, the additions were deleted. en-us Tue, 07 Apr 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790235 Amounts received from a creditor were held not to be unexplained cash credits under section 68 where the creditor confirmed the transaction, the receipts were shown to be part of consideration for booking shops, and the amounts were later transferred to the partnership firm. The sale deed also supported the creditor's version, establishing the identity and nature of the receipt as property purchase consideration rather than a loan or unexplained advance. In the absence of contrary material, the additions were deleted. Case-Laws Income Tax Tue, 07 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790235