https://www.taxtmi.com/caselaws?id=799765 Recorded cash-sale deposits supported by accepted books, stock records, sale bills and cash books cannot be separately treated as unexplained cash credits where no defects or contrary evidence disprove their source; separate taxation would amount to double taxation. Differences between reported rental income and Form 26AS require verification, with tax-deducted-at-source credit allowed against corresponding income where applicable. Tax deduction obligations do not depend on payment quantum, the recipient's tax bracket or claimed absence of revenue loss. A running account cannot be treated as an unrecorded receipt by aggregating receipts while ignoring repayments. Reversed interest not previously claimed as a deduction does not constitute taxable remission or cessation of liability. en-us Wed, 16 Sep 2026 00:00:00 +0530 Sat, 26 Sep 2026 08:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799765 Recorded cash-sale deposits supported by accepted books, stock records, sale bills and cash books cannot be separately treated as unexplained cash credits where no defects or contrary evidence disprove their source; separate taxation would amount to double taxation. Differences between reported rental income and Form 26AS require verification, with tax-deducted-at-source credit allowed against corresponding income where applicable. Tax deduction obligations do not depend on payment quantum, the recipient's tax bracket or claimed absence of revenue loss. A running account cannot be treated as an unrecorded receipt by aggregating receipts while ignoring repayments. Reversed interest not previously claimed as a deduction does not constitute taxable remission or cessation of liability. Case-Laws Income Tax Wed, 16 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799765