https://www.taxtmi.com/caselaws?id=790706 Export sale proceeds that had already been recorded as turnover and taxed in the earlier year were not taxable again as unexplained cash credit under section 68 when received later. The assessee supported the remittance with export and commercial invoices, customs-verified shipping documents, bills of lading, bank advices and FIRCs, showing that the amount related to genuine export sales already accepted in the preceding assessment year. On those facts, the later receipt was treated as realisation of an existing trade debt, not a fresh unexplained credit, and the addition under section 68 read with section 115BBE was deleted. en-us Wed, 22 Apr 2026 00:00:00 +0530 Wed, 29 Apr 2026 08:16:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790706 Export sale proceeds that had already been recorded as turnover and taxed in the earlier year were not taxable again as unexplained cash credit under section 68 when received later. The assessee supported the remittance with export and commercial invoices, customs-verified shipping documents, bills of lading, bank advices and FIRCs, showing that the amount related to genuine export sales already accepted in the preceding assessment year. On those facts, the later receipt was treated as realisation of an existing trade debt, not a fresh unexplained credit, and the addition under section 68 read with section 115BBE was deleted. Case-Laws Income Tax Wed, 22 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790706