https://www.taxtmi.com/caselaws?id=795506 Cash-credit additions cannot rest on suspicion once creditor confirmations, banking records and tax filings establish identity, creditworthiness and genuineness, absent material rebuttal. Rental receipts from an industrial property not shown to be commercially operated are assessable as income from house property; allowable deductions, including verified borrowing interest, require examination. Business losses are generally unavailable where operations have ceased and assets are not used, except eligible expenses required to maintain the company, subject to verification. Sale proceeds may be adjusted against the block of assets where the block continues to exist, subject to factual verification. en-us Thu, 18 Jun 2026 00:00:00 +0530 Thu, 23 Jul 2026 08:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795506 Cash-credit additions cannot rest on suspicion once creditor confirmations, banking records and tax filings establish identity, creditworthiness and genuineness, absent material rebuttal. Rental receipts from an industrial property not shown to be commercially operated are assessable as income from house property; allowable deductions, including verified borrowing interest, require examination. Business losses are generally unavailable where operations have ceased and assets are not used, except eligible expenses required to maintain the company, subject to verification. Sale proceeds may be adjusted against the block of assets where the block continues to exist, subject to factual verification. Case-Laws Income Tax Thu, 18 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795506