https://www.taxtmi.com/caselaws?id=769828 The SC/Tribunal examined unsecured loan additions under Income Tax Act Section 68. The court partially allowed the assessee's appeal, sustaining Rs. 95,00,516/- addition for fresh unsecured loans where identity and creditworthiness were not established. The court deleted additions relating to older loans and low withdrawals, emphasizing that Section 68 applies only to credits in the current assessment year and requiring reasoned justification for estimate-based additions. en-us Wed, 19 Mar 2025 00:00:00 +0530 Fri, 02 May 2025 08:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769828 The SC/Tribunal examined unsecured loan additions under Income Tax Act Section 68. The court partially allowed the assessee's appeal, sustaining Rs. 95,00,516/- addition for fresh unsecured loans where identity and creditworthiness were not established. The court deleted additions relating to older loans and low withdrawals, emphasizing that Section 68 applies only to credits in the current assessment year and requiring reasoned justification for estimate-based additions. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769828