https://www.taxtmi.com/caselaws?id=798886 Deeming additions under sections 68, 69 and 69A require proof of the relevant statutory facts during the relevant year. A corrected opening capital balance traceable to an accepted prior-year closing balance is not current-year income without a fresh unexplained accretion. Section 69A cannot apply without evidence linking the taxpayer to unexplained money. Section 68 requires a credit during the year and does not cover brought-forward balances or explained contractual liabilities; recorded sundry debtors are debit balances, not unexplained credits or unrecorded investments. On these principles, additions for capital variation, alleged property on-money, creditors and debtors were deleted. en-us Tue, 25 Aug 2026 00:00:00 +0530 Mon, 14 Sep 2026 08:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798886 Deeming additions under sections 68, 69 and 69A require proof of the relevant statutory facts during the relevant year. A corrected opening capital balance traceable to an accepted prior-year closing balance is not current-year income without a fresh unexplained accretion. Section 69A cannot apply without evidence linking the taxpayer to unexplained money. Section 68 requires a credit during the year and does not cover brought-forward balances or explained contractual liabilities; recorded sundry debtors are debit balances, not unexplained credits or unrecorded investments. On these principles, additions for capital variation, alleged property on-money, creditors and debtors were deleted. Case-Laws Income Tax Tue, 25 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798886