https://www.taxtmi.com/caselaws?id=798007 Section 68 applies to any sum credited in an assessee's books and is not limited to physical cash. Capital introduced through the recorded value of jewellery or precious items therefore falls within the unexplained-credit provision, without an exemption for personal assets. Material showing that the items arose from gifts received on the assessee's marriage and ancestral property inherited on a parent's death can satisfactorily explain their source. A valuation report affected by technical filing difficulties and an acceptable explanation for absent wealth-tax returns support treating the capital accretion as explained; an unexplained-credit addition is consequently unsustainable. en-us Fri, 14 Aug 2026 00:00:00 +0530 Tue, 01 Sep 2026 08:26:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798007 Section 68 applies to any sum credited in an assessee's books and is not limited to physical cash. Capital introduced through the recorded value of jewellery or precious items therefore falls within the unexplained-credit provision, without an exemption for personal assets. Material showing that the items arose from gifts received on the assessee's marriage and ancestral property inherited on a parent's death can satisfactorily explain their source. A valuation report affected by technical filing difficulties and an acceptable explanation for absent wealth-tax returns support treating the capital accretion as explained; an unexplained-credit addition is consequently unsustainable. Case-Laws Income Tax Fri, 14 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798007