https://www.taxtmi.com/caselaws?id=472284 Credit entries treated as unexplained money were restored to the notice-response stage, allowing the assessee to explain that deposits represented receipts from farmers and to substantiate its claimed deduction as a credit co-operative society. The assessment had been completed on available material because requested particulars were not furnished. No determination was made on the source of the deposits or eligibility for the deduction. The assessment, demand and consequential proceedings were set aside, and recovery attachment instructions were rescinded. en-us Tue, 28 Apr 2026 00:00:00 +0530 Wed, 07 Oct 2026 08:26:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472284 Credit entries treated as unexplained money were restored to the notice-response stage, allowing the assessee to explain that deposits represented receipts from farmers and to substantiate its claimed deduction as a credit co-operative society. The assessment had been completed on available material because requested particulars were not furnished. No determination was made on the source of the deposits or eligibility for the deduction. The assessment, demand and consequential proceedings were set aside, and recovery attachment instructions were rescinded. Case-Laws Income Tax Tue, 28 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472284