https://www.taxtmi.com/caselaws?id=71080 An assessee discharges the initial burden under section 68 by producing a credible loan document identifying the creditor and the borrowing, even if the agreement is unregistered, where it is on stamped paper and contains the creditor's identity and whereabouts. Such a document cannot be ignored as having no evidentiary value. When the revenue does not summon the creditor or make further verification after the explanation is produced, the addition cannot be sustained. On these facts, the unexplained investment addition was deleted. en-us Tue, 14 Aug 1984 00:00:00 +0530 Thu, 21 Apr 2011 12:05:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71080 An assessee discharges the initial burden under section 68 by producing a credible loan document identifying the creditor and the borrowing, even if the agreement is unregistered, where it is on stamped paper and contains the creditor's identity and whereabouts. Such a document cannot be ignored as having no evidentiary value. When the revenue does not summon the creditor or make further verification after the explanation is produced, the addition cannot be sustained. On these facts, the unexplained investment addition was deleted. Case-Laws Income Tax Tue, 14 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71080