https://www.taxtmi.com/caselaws?id=797465 Cash-method accounting permits interest and dividend income to be taxed only on actual receipt where that method has been consistently followed; rejection of books does not justify presumed accrual. Unsupported additions for money-market and share-market oversold positions, trading profits, assumed interest, and estimated income fail where delivery, ownership, receipt, or third-party evidence is not established and documentary explanations remain unrebutted. Disclosed banking transactions cannot be treated as unexplained without substantiated contrary material, while bank credits remain taxable where their nature and source are not explained. Opening balances of loans and advances are not assessable in the relevant year; remaining balances require verification. Assessed income may be telescoped against unexplained investment or expenditure, subject to consequential computation and statutory relief. en-us Mon, 10 Aug 2026 00:00:00 +0530 Sat, 22 Aug 2026 10:33:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797465 Cash-method accounting permits interest and dividend income to be taxed only on actual receipt where that method has been consistently followed; rejection of books does not justify presumed accrual. Unsupported additions for money-market and share-market oversold positions, trading profits, assumed interest, and estimated income fail where delivery, ownership, receipt, or third-party evidence is not established and documentary explanations remain unrebutted. Disclosed banking transactions cannot be treated as unexplained without substantiated contrary material, while bank credits remain taxable where their nature and source are not explained. Opening balances of loans and advances are not assessable in the relevant year; remaining balances require verification. Assessed income may be telescoped against unexplained investment or expenditure, subject to consequential computation and statutory relief. Case-Laws Income Tax Mon, 10 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797465