https://www.taxtmi.com/forum/issue?id=2511 Assessment additions treating unsecured loans as unexplained credits under section 68 hinge on whether the taxpayer's confirmations, PAN-linked account copies and particulars (notably lenders' addresses) satisfactorily establish identity and genuineness. The assessing officer may require lender addresses to enable direct verification; failure to provide such particulars can justify addition. The taxpayer may appeal to the Commissioner (Appeals) following the statutory appeal procedure. en-us Sat, 18 Dec 2010 16:50:36 +0530 Thu, 23 Jan 2025 15:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2511 Assessment additions treating unsecured loans as unexplained credits under section 68 hinge on whether the taxpayer's confirmations, PAN-linked account copies and particulars (notably lenders' addresses) satisfactorily establish identity and genuineness. The assessing officer may require lender addresses to enable direct verification; failure to provide such particulars can justify addition. The taxpayer may appeal to the Commissioner (Appeals) following the statutory appeal procedure. Discussion-Forum Income Tax Sat, 18 Dec 2010 16:50:36 +0530 https://www.taxtmi.com/forum/issue?id=2511