https://www.taxtmi.com/caselaws?id=786559 Where lenders' identity, creditworthiness and genuineness are established by documentary evidence, bank transactions and confirmations, additions under section 68 are not sustainable and were deleted; where primary vouchers for business expenses were incomplete, the tribunal applied a proportionate adjustment by allowing most of the claimed amounts and sustaining an adhoc disallowance on the unsubstantiated portions under section 37. The article emphasises documentary proof and banking channels as operative evidence to defeat section 68 additions while permitting proportionate disallowance for missing vouchers under section 37. 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 Where lenders' identity, creditworthiness and genuineness are established by documentary evidence, bank transactions and confirmations, additions under section 68 are not sustainable and were deleted; where primary vouchers for business expenses were incomplete, the tribunal applied a proportionate adjustment by allowing most of the claimed amounts and sustaining an adhoc disallowance on the unsubstantiated portions under section 37. The article emphasises documentary proof and banking channels as operative evidence to defeat section 68 additions while permitting proportionate disallowance for missing vouchers under section 37. Case-Laws Income Tax Wed, 11 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786559