https://www.taxtmi.com/caselaws?id=244871 The genuineness of a cash loan from the assessee's brother-in-law was accepted after the Tribunal considered remand statements, the lender's confirmation, the explanation of the lender's source and bank account, and the close relationship between the parties. On that evidence, the assessee was held to have discharged the initial burden of proving the loan, and the Revenue failed to produce contrary material to dislodge it. The addition made on account of the alleged unexplained loan was therefore deleted in favour of the assessee. en-us Wed, 26 Feb 2014 00:00:00 +0530 Tue, 11 Mar 2014 08:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244871 The genuineness of a cash loan from the assessee's brother-in-law was accepted after the Tribunal considered remand statements, the lender's confirmation, the explanation of the lender's source and bank account, and the close relationship between the parties. On that evidence, the assessee was held to have discharged the initial burden of proving the loan, and the Revenue failed to produce contrary material to dislodge it. The addition made on account of the alleged unexplained loan was therefore deleted in favour of the assessee. Case-Laws Income Tax Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244871