https://www.taxtmi.com/caselaws?id=71121 Documentary evidence of hundi loans, including discharged hundies and confirmatory letters with the creditor's address and file number, was accepted as sufficient where the revenue failed to make proper verification. Mere suspicion, an alleged blacklist status, or the creditor's non-production did not by itself disprove genuineness, especially when the assessing authority had not pursued available enquiries in time. On that basis, the additions treating the loans as bogus were deleted and the assessee's explanation was accepted. en-us Wed, 07 Dec 1977 00:00:00 +0530 Thu, 21 Apr 2011 14:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71121 Documentary evidence of hundi loans, including discharged hundies and confirmatory letters with the creditor's address and file number, was accepted as sufficient where the revenue failed to make proper verification. Mere suspicion, an alleged blacklist status, or the creditor's non-production did not by itself disprove genuineness, especially when the assessing authority had not pursued available enquiries in time. On that basis, the additions treating the loans as bogus were deleted and the assessee's explanation was accepted. Case-Laws Income Tax Wed, 07 Dec 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71121