https://www.taxtmi.com/caselaws?id=471591 Receipts reflected under an earlier PAN cannot support an estimated-profit addition where Form 26AS corrections, ledgers and audited accounts establish that the same receipts were recorded and offered to tax under the correct PAN. This prevents duplicate taxation of already disclosed contract receipts and service charges. Credit-card payments cannot be treated as unexplained expenditure under Section 69C where they were paid through the regular bank account, recorded as business expenditure, and no material shows an unexplained source. Reliable accounting records therefore preclude separate additions for previously accounted income or expenditure. en-us Thu, 14 Aug 2025 00:00:00 +0530 Wed, 09 Sep 2026 19:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471591 Receipts reflected under an earlier PAN cannot support an estimated-profit addition where Form 26AS corrections, ledgers and audited accounts establish that the same receipts were recorded and offered to tax under the correct PAN. This prevents duplicate taxation of already disclosed contract receipts and service charges. Credit-card payments cannot be treated as unexplained expenditure under Section 69C where they were paid through the regular bank account, recorded as business expenditure, and no material shows an unexplained source. Reliable accounting records therefore preclude separate additions for previously accounted income or expenditure. Case-Laws Income Tax Thu, 14 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471591