https://www.taxtmi.com/caselaws?id=799948 Section 68 applies only to sums credited in the books during the relevant previous year. Unsecured loans received in an earlier year and carried as opening balances therefore cannot be treated as cash credits for that year. Banking-channel receipts, interest payments after tax deduction, and proof of the loans supported the assessee's explanation; unverified Investigation Wing information did not justify the addition. The Section 68 addition was consequently unsustainable and deleted. en-us Fri, 18 Sep 2026 00:00:00 +0530 Tue, 29 Sep 2026 08:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799948 Section 68 applies only to sums credited in the books during the relevant previous year. Unsecured loans received in an earlier year and carried as opening balances therefore cannot be treated as cash credits for that year. Banking-channel receipts, interest payments after tax deduction, and proof of the loans supported the assessee's explanation; unverified Investigation Wing information did not justify the addition. The Section 68 addition was consequently unsustainable and deleted. Case-Laws Income Tax Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799948