https://www.taxtmi.com/caselaws?id=471602 Share application money supported by application forms, confirmations, corporate resolutions, tax records, financial statements and bank records cannot be treated as unexplained cash credit where that evidence remains unrebutted. A third-party statement does not establish accommodation entries when it does not concern the relevant taxpayer, assessment year or subscribing entities. Related-party expenditure is disallowable only when shown excessive or unreasonable against fair market value, legitimate business needs or benefit derived. Service records, invoices, supervisory reports and recipient records supported the payments; without discrepancies or comparable market evidence, risk-management, supervision and consultancy charges remained allowable. en-us Fri, 12 Jan 2024 00:00:00 +0530 Thu, 10 Sep 2026 15:43:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471602 Share application money supported by application forms, confirmations, corporate resolutions, tax records, financial statements and bank records cannot be treated as unexplained cash credit where that evidence remains unrebutted. A third-party statement does not establish accommodation entries when it does not concern the relevant taxpayer, assessment year or subscribing entities. Related-party expenditure is disallowable only when shown excessive or unreasonable against fair market value, legitimate business needs or benefit derived. Service records, invoices, supervisory reports and recipient records supported the payments; without discrepancies or comparable market evidence, risk-management, supervision and consultancy charges remained allowable. Case-Laws Income Tax Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471602