https://www.taxtmi.com/caselaws?id=784836 Unexplained cash credits were contested on grounds of identity, creditworthiness and genuineness; documentary evidence including account confirmations, bank statements, ITRs and ledger entries was held to establish identity and creditworthiness, and the amounts were characterised as unsecured loans. The source-of-source issue was not treated as fatal where primary documentation explained the transactions, resulting in disallowance being reversed. Payment of interest to the lenders was substantiated and treated as allowable. The net effect is that additions under the unexplained credits challenge were negated and the assessee's appeal succeeded. en-us Tue, 08 Jul 2025 00:00:00 +0530 Tue, 13 Jan 2026 08:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784836 Unexplained cash credits were contested on grounds of identity, creditworthiness and genuineness; documentary evidence including account confirmations, bank statements, ITRs and ledger entries was held to establish identity and creditworthiness, and the amounts were characterised as unsecured loans. The source-of-source issue was not treated as fatal where primary documentation explained the transactions, resulting in disallowance being reversed. Payment of interest to the lenders was substantiated and treated as allowable. The net effect is that additions under the unexplained credits challenge were negated and the assessee's appeal succeeded. Case-Laws Income Tax Tue, 08 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784836