https://www.taxtmi.com/caselaws?id=791200 An addition for unexplained cash credit under section 68 was deleted where the assessee supported the cash movement with a cash flow statement, confirmations, share purchase agreements, pledge deeds, bank records and related documents. The appellate authority found that identity, creditworthiness and genuineness of the transactions were established, and that the cash deposits were matched date-wise with corresponding receipts. In the absence of any contrary material from the Revenue to rebut the explanation or disprove the transactions, the deletion of the section 68 addition was sustained. en-us Fri, 17 Apr 2026 00:00:00 +0530 Thu, 07 May 2026 07:08:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791200 An addition for unexplained cash credit under section 68 was deleted where the assessee supported the cash movement with a cash flow statement, confirmations, share purchase agreements, pledge deeds, bank records and related documents. The appellate authority found that identity, creditworthiness and genuineness of the transactions were established, and that the cash deposits were matched date-wise with corresponding receipts. In the absence of any contrary material from the Revenue to rebut the explanation or disprove the transactions, the deletion of the section 68 addition was sustained. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791200