https://www.taxtmi.com/caselaws?id=790891 An addition under section 68 cannot be sustained on generalized investigative material or suspicion alone; it requires assessee-specific corroboration showing a direct nexus with the alleged unexplained income or accommodation entry. On the alleged pre-arranged reversal trades, the Tribunal found that Project Falcon data and broker statements did not directly link the assessee to artificial profits, particularly where the trades were recorded in the books and formed part of regular activity, so the addition was deleted. On the alleged loan entry from Bluemotion Exports Pvt. Ltd., the assessee proved the receipt and repayment through banking channels and filed confirmations and bank records, while the Revenue failed to disprove identity, creditworthiness, or genuineness, so that addition was also deleted. en-us Fri, 24 Apr 2026 00:00:00 +0530 Sat, 02 May 2026 07:40:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790891 An addition under section 68 cannot be sustained on generalized investigative material or suspicion alone; it requires assessee-specific corroboration showing a direct nexus with the alleged unexplained income or accommodation entry. On the alleged pre-arranged reversal trades, the Tribunal found that Project Falcon data and broker statements did not directly link the assessee to artificial profits, particularly where the trades were recorded in the books and formed part of regular activity, so the addition was deleted. On the alleged loan entry from Bluemotion Exports Pvt. Ltd., the assessee proved the receipt and repayment through banking channels and filed confirmations and bank records, while the Revenue failed to disprove identity, creditworthiness, or genuineness, so that addition was also deleted. Case-Laws Income Tax Fri, 24 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790891