https://www.taxtmi.com/caselaws?id=472102 Additional evidence comprising shipping and banking records may be admitted where necessary for proper determination of unexplained Customs-duty expenditure and capital-credit additions; those additions require fresh factual adjudication after hearing. Interest on fixed deposits pledged as margin money for business credit facilities has a direct business nexus and is assessable as business income rather than income from other sources. Export sale proceeds and export incentives cannot be treated as bogus or unexplained solely on investigative show-cause material where export and banking evidence supports the transactions. Overseas customer advances received through banking channels are not unexplained credits once party particulars and receipt evidence discharge the taxpayer's burden, absent Revenue rebuttal or available verification. en-us Wed, 16 Apr 2025 00:00:00 +0530 Wed, 30 Sep 2026 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472102 Additional evidence comprising shipping and banking records may be admitted where necessary for proper determination of unexplained Customs-duty expenditure and capital-credit additions; those additions require fresh factual adjudication after hearing. Interest on fixed deposits pledged as margin money for business credit facilities has a direct business nexus and is assessable as business income rather than income from other sources. Export sale proceeds and export incentives cannot be treated as bogus or unexplained solely on investigative show-cause material where export and banking evidence supports the transactions. Overseas customer advances received through banking channels are not unexplained credits once party particulars and receipt evidence discharge the taxpayer's burden, absent Revenue rebuttal or available verification. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472102