https://www.taxtmi.com/caselaws?id=71793 Dispute concerns whether cash credits from specified creditors were genuine loans or fictitious/undisclosed income. Tribunal applied the principle that once the assessee establishes creditor identity and prima facie documentary corroboration, the initial burden is met and the Department must produce adequate rebuttal evidence; mere discrepancies, interpolations or inability to trace upstream parties do not by themselves prove fabrication or hawala. On the facts the assessee produced confirmations, creditors' books, repayment and interest entries and oral evidence, and the Department failed to prove entries fictitious, so the borrowings were accepted. en-us Fri, 29 Jul 1988 00:00:00 +0530 Tue, 17 Feb 2026 12:53:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71793 Dispute concerns whether cash credits from specified creditors were genuine loans or fictitious/undisclosed income. Tribunal applied the principle that once the assessee establishes creditor identity and prima facie documentary corroboration, the initial burden is met and the Department must produce adequate rebuttal evidence; mere discrepancies, interpolations or inability to trace upstream parties do not by themselves prove fabrication or hawala. On the facts the assessee produced confirmations, creditors' books, repayment and interest entries and oral evidence, and the Department failed to prove entries fictitious, so the borrowings were accepted. Case-Laws Income Tax Fri, 29 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71793