https://www.taxtmi.com/caselaws?id=784481 Whether unsecured loans and related interest could be treated as unexplained cash credits under s.68 where the AO alleged lack of lender creditworthiness and treated the receipts as accommodation entries. The Tribunal held that the assessee discharged the s.68 onus by producing documentary evidence for each lender, including confirmations, financial statements and bank statements, and the AO identified no specific defects or inconsistencies in those materials. It further held that subsequent repayment of the loans, supported by cogent evidence, reinforced the genuineness of the transactions, making s.68 addition untenable, consistent with binding HC precedent. The Revenue's appeal was dismissed and the s.68 addition was deleted. en-us Mon, 15 Dec 2025 00:00:00 +0530 Tue, 06 Jan 2026 08:47:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784481 Whether unsecured loans and related interest could be treated as unexplained cash credits under s.68 where the AO alleged lack of lender creditworthiness and treated the receipts as accommodation entries. The Tribunal held that the assessee discharged the s.68 onus by producing documentary evidence for each lender, including confirmations, financial statements and bank statements, and the AO identified no specific defects or inconsistencies in those materials. It further held that subsequent repayment of the loans, supported by cogent evidence, reinforced the genuineness of the transactions, making s.68 addition untenable, consistent with binding HC precedent. The Revenue's appeal was dismissed and the s.68 addition was deleted. Case-Laws Income Tax Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784481