https://www.taxtmi.com/caselaws?id=786076 Additions under Section 68 addressed unexplained unsecured loans treated as share application money where the appellant failed to satisfactorily explain genuineness, creditworthiness and source; consequence: the proportionate interest disallowance and the additions were sustained. The HC found the lower appellate authority's deletions legally unsustainable because its order lacked documented analysis of creditor confirmations and bank inquiries; consequence: ITAT's reversal of CIT(A) deletions was upheld. The court emphasised that an appellate authority must analyze evidence, weigh probabilities and record reasoned conclusions rather than merely obtaining documents. en-us Fri, 30 Jan 2026 00:00:00 +0530 Thu, 05 Feb 2026 09:16:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786076 Additions under Section 68 addressed unexplained unsecured loans treated as share application money where the appellant failed to satisfactorily explain genuineness, creditworthiness and source; consequence: the proportionate interest disallowance and the additions were sustained. The HC found the lower appellate authority's deletions legally unsustainable because its order lacked documented analysis of creditor confirmations and bank inquiries; consequence: ITAT's reversal of CIT(A) deletions was upheld. The court emphasised that an appellate authority must analyze evidence, weigh probabilities and record reasoned conclusions rather than merely obtaining documents. Case-Laws Income Tax Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786076