https://www.taxtmi.com/caselaws?id=277993 Unexplained cash credit issue concerned a firm receiving loans from a company alleged to provide accommodation entries; the court treated identity, creditworthiness and genuineness as determinative where lenders were regular income tax assessees with PANs on record, advances and repayments were made by account-payee cheques and sufficient account balances existed. The reasoning rested on documentary and banking evidence establishing identity and genuineness, and therefore the addition under the unexplained cash credit provision was deleted and the revenue appeal dismissed. en-us Wed, 07 Nov 2012 00:00:00 +0530 Tue, 27 Jan 2026 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277993 Unexplained cash credit issue concerned a firm receiving loans from a company alleged to provide accommodation entries; the court treated identity, creditworthiness and genuineness as determinative where lenders were regular income tax assessees with PANs on record, advances and repayments were made by account-payee cheques and sufficient account balances existed. The reasoning rested on documentary and banking evidence establishing identity and genuineness, and therefore the addition under the unexplained cash credit provision was deleted and the revenue appeal dismissed. Case-Laws Income Tax Wed, 07 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277993