https://www.taxtmi.com/caselaws?id=786911 Whether cash receipts are unexplained under section 69A and whether a claimed loan is genuine were tested by documentary corroboration. Bank statements, the lender's filed income return and a loan confirmation established genuineness for part of the loan, leading to disallowance reduced to Rs.2,00,000. Declared turnover and adoption of presumptive taxation supported the commercial origin of cash deposits, leading to deletion of the Rs.5,77,500 addition. The appeal was partly allowed and the assessing officer directed to modify the assessment accordingly. en-us Thu, 19 Feb 2026 00:00:00 +0530 Sat, 21 Feb 2026 09:29:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786911 Whether cash receipts are unexplained under section 69A and whether a claimed loan is genuine were tested by documentary corroboration. Bank statements, the lender's filed income return and a loan confirmation established genuineness for part of the loan, leading to disallowance reduced to Rs.2,00,000. Declared turnover and adoption of presumptive taxation supported the commercial origin of cash deposits, leading to deletion of the Rs.5,77,500 addition. The appeal was partly allowed and the assessing officer directed to modify the assessment accordingly. Case-Laws Income Tax Thu, 19 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786911