https://www.taxtmi.com/caselaws?id=801244 Protective addition of cash deposits as unexplained cash credit under Section 68 is unsustainable where the actual beneficiaries of accommodation entries are identified and no genuine uncertainty exists about the person assessable. A bank passbook or statement is not the assessee's books of account where no books are maintained, preventing invocation of Section 68 on that basis. Commission income may be estimated from the admitted entry arrangement at 0.3% of deposits. Enhancement to 0.5% without supporting evidence and a reasonable hearing under Section 251(2) is unsustainable; the original commission addition remains while the enhancement is deleted. en-us Wed, 29 Apr 2026 00:00:00 +0530 Sat, 17 Oct 2026 05:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801244 Protective addition of cash deposits as unexplained cash credit under Section 68 is unsustainable where the actual beneficiaries of accommodation entries are identified and no genuine uncertainty exists about the person assessable. A bank passbook or statement is not the assessee's books of account where no books are maintained, preventing invocation of Section 68 on that basis. Commission income may be estimated from the admitted entry arrangement at 0.3% of deposits. Enhancement to 0.5% without supporting evidence and a reasonable hearing under Section 251(2) is unsustainable; the original commission addition remains while the enhancement is deleted. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801244