https://www.taxtmi.com/caselaws?id=469469 An addition for unexplained credit was sustained where the assessee failed to discharge the onus of proving the source and character of receipts from M/s. Harbhole Enterprise. The assessee also gave inconsistent explanations, first describing the amount as a business loan and later as sale consideration for cloth, without any satisfactory reconciliation. Non-cooperation before the lower authorities and non-appearance before the Tribunal reinforced the absence of credible evidence. On the material available, the credited amount was treated as unexplained, and the addition was upheld against the assessee. en-us Fri, 07 Mar 2025 00:00:00 +0530 Thu, 18 Jun 2026 18:59:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469469 An addition for unexplained credit was sustained where the assessee failed to discharge the onus of proving the source and character of receipts from M/s. Harbhole Enterprise. The assessee also gave inconsistent explanations, first describing the amount as a business loan and later as sale consideration for cloth, without any satisfactory reconciliation. Non-cooperation before the lower authorities and non-appearance before the Tribunal reinforced the absence of credible evidence. On the material available, the credited amount was treated as unexplained, and the addition was upheld against the assessee. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469469