https://www.taxtmi.com/caselaws?id=466316 Addition under challenge concerns classification of an unsecured loan as bogus where the assessee failed to discharge the onus on identity of the creditor and genuineness of the transaction; the assessing officer treated the receipt as bogus despite the assessee filing documentary evidence and without giving cogent reasons. The appellate authority did not identify specific transactional defects and acknowledged the loan related to an earlier assessment year, with the creditor being a registered company; consequently the creditworthiness issue could not be reexamined for the impugned year and the addition was deleted. en-us Thu, 18 Sep 2025 00:00:00 +0530 Sun, 01 Feb 2026 19:07:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466316 Addition under challenge concerns classification of an unsecured loan as bogus where the assessee failed to discharge the onus on identity of the creditor and genuineness of the transaction; the assessing officer treated the receipt as bogus despite the assessee filing documentary evidence and without giving cogent reasons. The appellate authority did not identify specific transactional defects and acknowledged the loan related to an earlier assessment year, with the creditor being a registered company; consequently the creditworthiness issue could not be reexamined for the impugned year and the addition was deleted. Case-Laws Income Tax Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466316