https://www.taxtmi.com/caselaws?id=796805 Impounded Tally entries reflecting an educational trust's receipts, payments and expenditure do not establish unexplained investments of the individuals handling those funds unless material shows investment of their own unaccounted income. The ledger balances operated as control accounts for trust-related collections, expenditure and bank deposits, and reconciliation with the trust's regular accounts supported deletion of the Section 69 additions. Separately, a bank-credit loan remained taxable as unexplained money under Section 69A because the lender's explanation for the deposited source was inconsistent with human probability and did not establish creditworthiness or the source of funds. en-us Fri, 31 Jul 2026 00:00:00 +0530 Tue, 11 Aug 2026 08:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796805 Impounded Tally entries reflecting an educational trust's receipts, payments and expenditure do not establish unexplained investments of the individuals handling those funds unless material shows investment of their own unaccounted income. The ledger balances operated as control accounts for trust-related collections, expenditure and bank deposits, and reconciliation with the trust's regular accounts supported deletion of the Section 69 additions. Separately, a bank-credit loan remained taxable as unexplained money under Section 69A because the lender's explanation for the deposited source was inconsistent with human probability and did not establish creditworthiness or the source of funds. Case-Laws Income Tax Fri, 31 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796805