https://www.taxtmi.com/caselaws?id=800026 Section 68 requires the assessee to establish the creditor's identity, creditworthiness and the genuineness of a credit transaction. Unsupported accommodation-entry explanations and unsubstantiated onward transfers do not discharge that burden. Review under Order XLVII Rule 1 read with Section 114 of the Code of Civil Procedure requires new and important evidence that could not have been produced earlier despite due diligence. Material available in public records during the original proceedings does not satisfy that standard, and review jurisdiction cannot be used to rehear settled factual findings without an error apparent on the face of the record. en-us Mon, 28 Sep 2026 00:00:00 +0530 Wed, 30 Sep 2026 08:41:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800026 Section 68 requires the assessee to establish the creditor's identity, creditworthiness and the genuineness of a credit transaction. Unsupported accommodation-entry explanations and unsubstantiated onward transfers do not discharge that burden. Review under Order XLVII Rule 1 read with Section 114 of the Code of Civil Procedure requires new and important evidence that could not have been produced earlier despite due diligence. Material available in public records during the original proceedings does not satisfy that standard, and review jurisdiction cannot be used to rehear settled factual findings without an error apparent on the face of the record. Case-Laws Income Tax Mon, 28 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800026