https://www.taxtmi.com/caselaws?id=798220 Section 68 requires an accommodation-entry provider to furnish beneficiary-wise particulars and supporting material to explain each bank credit. Identified beneficiary credits are confined to commission income, while credits left unexplained after verification are taxable as unexplained cash credits. Computerised data from the provider's own system forms part of its books, but departmental possession of raw data does not remove the provider's burden; reasonable access to relied-upon seized material and an opportunity to explain additions must be given. Section 37(1) denies deductions only for expenditure incurred for an offence or prohibited purpose, so legitimate routine operating expenses may be deducted in computing commission income despite the unlawful activity. en-us Mon, 31 Aug 2026 00:00:00 +0530 Thu, 03 Sep 2026 08:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798220 Section 68 requires an accommodation-entry provider to furnish beneficiary-wise particulars and supporting material to explain each bank credit. Identified beneficiary credits are confined to commission income, while credits left unexplained after verification are taxable as unexplained cash credits. Computerised data from the provider's own system forms part of its books, but departmental possession of raw data does not remove the provider's burden; reasonable access to relied-upon seized material and an opportunity to explain additions must be given. Section 37(1) denies deductions only for expenditure incurred for an offence or prohibited purpose, so legitimate routine operating expenses may be deducted in computing commission income despite the unlawful activity. Case-Laws Income Tax Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798220