https://www.taxtmi.com/caselaws?id=472210 Cash recoveries from accepted sundry-debtor balances cannot be treated as unexplained without material discrediting the genuineness of those balances. The money-lending business, opening debtor balances and related interest income had been accepted in an earlier scrutiny assessment. Particulars identifying the debtors and recovery dates supported the cash receipts, while no evidence showed that the opening balances were fictitious or that the business was not genuine. The receipts were therefore accepted as debtor recoveries and the unexplained-cash addition was deleted. en-us Mon, 21 Apr 2025 00:00:00 +0530 Sun, 04 Oct 2026 18:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472210 Cash recoveries from accepted sundry-debtor balances cannot be treated as unexplained without material discrediting the genuineness of those balances. The money-lending business, opening debtor balances and related interest income had been accepted in an earlier scrutiny assessment. Particulars identifying the debtors and recovery dates supported the cash receipts, while no evidence showed that the opening balances were fictitious or that the business was not genuine. The receipts were therefore accepted as debtor recoveries and the unexplained-cash addition was deleted. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472210