https://www.taxtmi.com/caselaws?id=800333 Section 69A applies where money or valuable articles owned by an assessee are not recorded in its books. A recorded subscription to secured redeemable non-convertible debentures, reflected as a liability and supported by subscriber identification, banking records, audited financial statements, corporate approvals, listing permissions and trust documents, could not be treated as unexplained money without evidence that it represented the assessee's undisclosed funds. Investigation material concerning alleged accommodation entries lacked a direct nexus with the relevant assessment year. The human-probabilities test could not replace material evidence disproving the documented transaction, rendering the addition unsustainable. en-us Wed, 23 Sep 2026 00:00:00 +0530 Mon, 05 Oct 2026 08:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800333 Section 69A applies where money or valuable articles owned by an assessee are not recorded in its books. A recorded subscription to secured redeemable non-convertible debentures, reflected as a liability and supported by subscriber identification, banking records, audited financial statements, corporate approvals, listing permissions and trust documents, could not be treated as unexplained money without evidence that it represented the assessee's undisclosed funds. Investigation material concerning alleged accommodation entries lacked a direct nexus with the relevant assessment year. The human-probabilities test could not replace material evidence disproving the documented transaction, rendering the addition unsustainable. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800333