https://www.taxtmi.com/caselaws?id=792418 Credits in bank accounts were treated as unexplained where the assessee's confirmations, bank statements, returns and other documents did not satisfactorily establish the source of funds, the receipt and distribution of alleged advances or sale proceeds, or the creditworthiness of the parties. Although some entries were linked to mutual fund redemptions and loan repayments, the overall explanation remained unproved. The Tribunal found no basis to disturb the factual findings and accepted peak credit verification only as part of the appellate approach. The addition was sustained. en-us Thu, 23 Apr 2026 00:00:00 +0530 Wed, 27 May 2026 17:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792418 Credits in bank accounts were treated as unexplained where the assessee's confirmations, bank statements, returns and other documents did not satisfactorily establish the source of funds, the receipt and distribution of alleged advances or sale proceeds, or the creditworthiness of the parties. Although some entries were linked to mutual fund redemptions and loan repayments, the overall explanation remained unproved. The Tribunal found no basis to disturb the factual findings and accepted peak credit verification only as part of the appellate approach. The addition was sustained. Case-Laws Income Tax Thu, 23 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792418