https://www.taxtmi.com/caselaws?id=792335 An addition under section 68 based on an alleged accommodation entry could not be sustained where the assessment order did not identify the exact transactions, the source details, or supporting evidence, and no proper enquiry was made. The assessee denied the transaction, yet the assessing authority made the addition without verifying the factual position or confronting that denial with material evidence. The first appellate authority found that the addition rested only on a bare reference to search findings, without discussion of the evidence, the statement under section 132(4), or any enquiry establishing the credit as unexplained. That finding was not controverted by the Revenue, so the deletion of the addition was upheld. en-us Tue, 21 Apr 2026 00:00:00 +0530 Wed, 27 May 2026 07:29:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792335 An addition under section 68 based on an alleged accommodation entry could not be sustained where the assessment order did not identify the exact transactions, the source details, or supporting evidence, and no proper enquiry was made. The assessee denied the transaction, yet the assessing authority made the addition without verifying the factual position or confronting that denial with material evidence. The first appellate authority found that the addition rested only on a bare reference to search findings, without discussion of the evidence, the statement under section 132(4), or any enquiry establishing the credit as unexplained. That finding was not controverted by the Revenue, so the deletion of the addition was upheld. Case-Laws Income Tax Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792335