https://www.taxtmi.com/caselaws?id=786559 Business-expense claims lacking complete vouchers may warrant a proportionate disallowance under section 37 where the books are not rejected and the expenditure is not wholly disproved; 20% of unsubstantiated construction-material and travelling expenses remains disallowed. Unsecured-loan additions under section 68 are unsustainable where lenders' identity, creditworthiness and transaction genuineness are supported by tax records, financial statements, confirmations, bank evidence and responses to notices, with no discrepancies identified. Banking-channel loans and subsequent repayments supported deletion of the additions, and source-of-source proof was not required for the relevant assessment year. en-us Wed, 11 Feb 2026 00:00:00 +0530 Sat, 14 Feb 2026 08:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786559 Business-expense claims lacking complete vouchers may warrant a proportionate disallowance under section 37 where the books are not rejected and the expenditure is not wholly disproved; 20% of unsubstantiated construction-material and travelling expenses remains disallowed. Unsecured-loan additions under section 68 are unsustainable where lenders' identity, creditworthiness and transaction genuineness are supported by tax records, financial statements, confirmations, bank evidence and responses to notices, with no discrepancies identified. Banking-channel loans and subsequent repayments supported deletion of the additions, and source-of-source proof was not required for the relevant assessment year. Case-Laws Income Tax Wed, 11 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786559