https://www.taxtmi.com/highlights?id=103241 Mutual current-account transactions involving repeated advances, repayments and payments made on another concern's behalf are commercial dealings rather than loans or advances for deemed-dividend purposes. Ledger evidence showing that receipts merely repaid earlier advances supports exclusion from the deemed-dividend provision. Likewise, an alleged unsecured loan cannot be treated as unexplained cash credit where records establish interest-bearing commercial entries and no fresh loan arose in the relevant year. On these findings, deletions of both additions were sustained and the Revenue's appeal was dismissed. en-us Mon, 31 Aug 2026 08:28:49 +0530 Mon, 31 Aug 2026 08:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=103241 Mutual current-account transactions involving repeated advances, repayments and payments made on another concern's behalf are commercial dealings rather than loans or advances for deemed-dividend purposes. Ledger evidence showing that receipts merely repaid earlier advances supports exclusion from the deemed-dividend provision. Likewise, an alleged unsecured loan cannot be treated as unexplained cash credit where records establish interest-bearing commercial entries and no fresh loan arose in the relevant year. On these findings, deletions of both additions were sustained and the Revenue's appeal was dismissed. Highlights Income Tax Mon, 31 Aug 2026 08:28:49 +0530 https://www.taxtmi.com/highlights?id=103241