https://www.taxtmi.com/caselaws?id=472268 Section 68 applies only where a sum is actually credited in the assessee's books and its nature and source remain unexplained. A cheque recorded as an unsecured loan did not constitute an unexplained cash credit where it was never encashed, no funds entered the assessee's bank account, and the accounting entry was reversed in the following financial year. Mere book entries without an actual receipt or transfer of money do not trigger the Section 68 deeming provision. The addition was therefore deleted because no funds had actually been received. en-us Mon, 29 Jun 2026 00:00:00 +0530 Tue, 06 Oct 2026 13:41:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472268 Section 68 applies only where a sum is actually credited in the assessee's books and its nature and source remain unexplained. A cheque recorded as an unsecured loan did not constitute an unexplained cash credit where it was never encashed, no funds entered the assessee's bank account, and the accounting entry was reversed in the following financial year. Mere book entries without an actual receipt or transfer of money do not trigger the Section 68 deeming provision. The addition was therefore deleted because no funds had actually been received. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472268