https://www.taxtmi.com/caselaws?id=368958 Documentary evidence, bank statements and lender confirmations established the genuineness of the alleged unsecured loans, and replies to section 133(6) notices supported the assessee's explanation. Amounts covered by cheques issued on 31.03.2010 were not encashed during the year and therefore were not received in the relevant year, while the balance related to genuine purchase transactions supported by a running ledger and purchase documents. In the absence of any contrary evidence, the material on record rebutted the inference of unexplained credits, and the addition under section 69A was deleted. en-us Fri, 12 Oct 2018 00:00:00 +0530 Wed, 17 Oct 2018 07:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368958 Documentary evidence, bank statements and lender confirmations established the genuineness of the alleged unsecured loans, and replies to section 133(6) notices supported the assessee's explanation. Amounts covered by cheques issued on 31.03.2010 were not encashed during the year and therefore were not received in the relevant year, while the balance related to genuine purchase transactions supported by a running ledger and purchase documents. In the absence of any contrary evidence, the material on record rebutted the inference of unexplained credits, and the addition under section 69A was deleted. Case-Laws Income Tax Fri, 12 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368958