https://www.taxtmi.com/caselaws?id=799843 Identified commission receipts arising from disclosed business activity cannot be treated as unexplained cash credits merely because they were received in cash, absent material showing a separate undisclosed source; only income embedded in those receipts may be taxed. Cash introduced by a proprietor into a proprietary concern likewise cannot be characterised as unexplained where available business cash supports it, since the concern lacks a separate legal identity. Conversely, unreconciled personal expenditure exceeding recorded withdrawals is taxable as unexplained expenditure where the taxpayer provides no cogent explanation or evidence of an explained source. Accordingly, additions for business receipts and proprietor cash were deleted, while the personal-expenditure addition was sustained. en-us Thu, 17 Sep 2026 00:00:00 +0530 Mon, 28 Sep 2026 08:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799843 Identified commission receipts arising from disclosed business activity cannot be treated as unexplained cash credits merely because they were received in cash, absent material showing a separate undisclosed source; only income embedded in those receipts may be taxed. Cash introduced by a proprietor into a proprietary concern likewise cannot be characterised as unexplained where available business cash supports it, since the concern lacks a separate legal identity. Conversely, unreconciled personal expenditure exceeding recorded withdrawals is taxable as unexplained expenditure where the taxpayer provides no cogent explanation or evidence of an explained source. Accordingly, additions for business receipts and proprietor cash were deleted, while the personal-expenditure addition was sustained. Case-Laws Income Tax Thu, 17 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799843