https://www.taxtmi.com/caselaws?id=792752 Contemporaneous documentary evidence can rebut an allegation that a receipt is an unexplained cash credit where the assessee shows it is a refund of an earlier advance routed through banking channels. The note explains that, if the source of the original advance is not disputed and the receipt is supported by a memorandum of understanding, legal notices and settlement terms, section 68 cannot be invoked merely because the counterparty is alleged to be an accommodation entry provider. In the absence of specific incriminating material or direct evidence linking the receipt to an unexplained entry, the addition is not sustainable. 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 Contemporaneous documentary evidence can rebut an allegation that a receipt is an unexplained cash credit where the assessee shows it is a refund of an earlier advance routed through banking channels. The note explains that, if the source of the original advance is not disputed and the receipt is supported by a memorandum of understanding, legal notices and settlement terms, section 68 cannot be invoked merely because the counterparty is alleged to be an accommodation entry provider. In the absence of specific incriminating material or direct evidence linking the receipt to an unexplained entry, the addition is not sustainable. Case-Laws Income Tax Thu, 14 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792752