https://www.taxtmi.com/caselaws?id=792752 Receipts representing repayment of an earlier advance through banking channels cannot be treated as unexplained cash credits where contemporaneous evidence establishes their source and character. The advance for land procurement was supported by a memorandum of understanding, legal notices and a settlement agreement, while its source was not disputed. General allegations that the counterparty provided accommodation entries, without a specific statement or direct incriminating material linking the repayment to an unexplained entry, do not justify an addition under section 68. The addition was therefore deleted and the Revenue's appeal failed. en-us Thu, 14 May 2026 00:00:00 +0530 Wed, 03 Jun 2026 08:50:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792752 Receipts representing repayment of an earlier advance through banking channels cannot be treated as unexplained cash credits where contemporaneous evidence establishes their source and character. The advance for land procurement was supported by a memorandum of understanding, legal notices and a settlement agreement, while its source was not disputed. General allegations that the counterparty provided accommodation entries, without a specific statement or direct incriminating material linking the repayment to an unexplained entry, do not justify an addition under section 68. The addition was therefore deleted and the Revenue's appeal failed. Case-Laws Income Tax Thu, 14 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792752