https://www.taxtmi.com/caselaws?id=470704 Recorded coaching-fee receipts reflected in accepted, audited books and already included in returned income cannot be added again as unexplained cash credits without cogent material showing that the receipts or books are fictitious, bogus or manipulated; re-addition would amount to double taxation. The notes state that the addition rested only on suspicion and lacked adverse material. They further state that no disallowance of expenditure relating to exempt income arises where no exempt income was earned and no new exempt-income-yielding investment was made. The Finance Act 2022 explanation to Section 14A is described as prospective from 1 April 2022 and inapplicable to the relevant assessment year. en-us Wed, 15 Oct 2025 00:00:00 +0530 Tue, 04 Aug 2026 20:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470704 Recorded coaching-fee receipts reflected in accepted, audited books and already included in returned income cannot be added again as unexplained cash credits without cogent material showing that the receipts or books are fictitious, bogus or manipulated; re-addition would amount to double taxation. The notes state that the addition rested only on suspicion and lacked adverse material. They further state that no disallowance of expenditure relating to exempt income arises where no exempt income was earned and no new exempt-income-yielding investment was made. The Finance Act 2022 explanation to Section 14A is described as prospective from 1 April 2022 and inapplicable to the relevant assessment year. Case-Laws Income Tax Wed, 15 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470704