Section 68: Nil Return Alone Insufficient for Unsecured Loan Additions if Lender's Sources Proven with Strong Evidence. https://www.taxtmi.com/highlights?id=53996 Addition u/s 68 - Unsecured Loan - merely filing Nil return by lender, if the sources are clearly established with overwhelming evidences of the bank statements of all the concerned parties duly supported by the annual accounts, cannot lead to addition in the hands of the borrower. en-us Mon, 13 Jul 2020 10:58:11 +0530 Mon, 13 Jul 2020 10:58:11 +0530 TaxTMI RSS Generator Section 68: Nil Return Alone Insufficient for Unsecured Loan Additions if Lender's Sources Proven with Strong Evidence. https://www.taxtmi.com/highlights?id=53996 Addition u/s 68 - Unsecured Loan - merely filing Nil return by lender, if the sources are clearly established with overwhelming evidences of the bank statements of all the concerned parties duly supported by the annual accounts, cannot lead to addition in the hands of the borrower. Highlights Income Tax Mon, 13 Jul 2020 10:58:11 +0530 https://www.taxtmi.com/highlights?id=53996