https://www.taxtmi.com/caselaws?id=466461 The revenue alleged the assessee received fictitious unsecured loans and sought additions based on information from a search of entry operators. The assessee demonstrated no loans were taken during the year, so the Department bore the primary evidential burden to prove accommodation entries. The appellate finding that the assessee failed to discharge onus was reversed because allegations must be proved by the party making them; absent departmental proof of bogus loans the addition could not stand. Result: the addition was set aside and the assessee's appeal allowed. en-us Thu, 27 Feb 2025 00:00:00 +0530 Mon, 09 Feb 2026 21:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466461 The revenue alleged the assessee received fictitious unsecured loans and sought additions based on information from a search of entry operators. The assessee demonstrated no loans were taken during the year, so the Department bore the primary evidential burden to prove accommodation entries. The appellate finding that the assessee failed to discharge onus was reversed because allegations must be proved by the party making them; absent departmental proof of bogus loans the addition could not stand. Result: the addition was set aside and the assessee's appeal allowed. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466461