https://www.taxtmi.com/caselaws?id=466542 Cash deposited during demonetization was held to be explained where it matched cash already declared under the Income Declaration Scheme and accepted by the Department through Form 4; the section 68 addition therefore did not survive. Unsecured-loan credits were also found properly substantiated because the assessee produced PAN, returns, bank statements, confirmations and supporting remand material, showed routing through account payee cheques and TDS on interest, and the Revenue filed no adverse remand report; the section 68 addition was accordingly unsustainable. The stated ratio is that section 68 cannot be applied where the source of cash is documented through Department-accepted disclosure and the identity, creditworthiness and genuineness of loans are proved by evidence. en-us Thu, 27 Feb 2025 00:00:00 +0530 Wed, 11 Feb 2026 20:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466542 Cash deposited during demonetization was held to be explained where it matched cash already declared under the Income Declaration Scheme and accepted by the Department through Form 4; the section 68 addition therefore did not survive. Unsecured-loan credits were also found properly substantiated because the assessee produced PAN, returns, bank statements, confirmations and supporting remand material, showed routing through account payee cheques and TDS on interest, and the Revenue filed no adverse remand report; the section 68 addition was accordingly unsustainable. The stated ratio is that section 68 cannot be applied where the source of cash is documented through Department-accepted disclosure and the identity, creditworthiness and genuineness of loans are proved by evidence. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466542