https://www.taxtmi.com/caselaws?id=801587 Cash-credit additions require the assessee to establish both creditor creditworthiness and transaction genuineness; banking transfers, confirmations, tax returns and repayment records may establish only a paper trail. Where creditors ignore summons, their directors identify the entities as accommodation-entry providers, and the assessee cannot produce them, the burden of proof and human-probabilities test support treating unsecured loans as unexplained credits. Separately, after rejection of books, income for the relevant assessment years is computed at 2% of sales to maintain consistency with the prior assessment approach and substantially similar preceding-year facts. Related interest disallowance remains unaffected. en-us Thu, 15 Oct 2026 00:00:00 +0530 Fri, 23 Oct 2026 08:37:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801587 Cash-credit additions require the assessee to establish both creditor creditworthiness and transaction genuineness; banking transfers, confirmations, tax returns and repayment records may establish only a paper trail. Where creditors ignore summons, their directors identify the entities as accommodation-entry providers, and the assessee cannot produce them, the burden of proof and human-probabilities test support treating unsecured loans as unexplained credits. Separately, after rejection of books, income for the relevant assessment years is computed at 2% of sales to maintain consistency with the prior assessment approach and substantially similar preceding-year facts. Related interest disallowance remains unaffected. Case-Laws Income Tax Thu, 15 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801587