https://www.taxtmi.com/caselaws?id=787712 Contemporaneous bank records, ledger and contra entries, loan repayment particulars including interest, supporting bank statements and source certificates can establish the genuineness of loan transactions for section 68 purposes. Where credible documentation shows receipt and repayment of loans, it rebuts the presumption that credits are unexplained and prevents a section 68 addition based on alleged accommodation entries. The material addresses loans received from two corporate entities and the evidentiary basis for proving their genuineness. en-us Wed, 18 Feb 2026 00:00:00 +0530 Wed, 11 Mar 2026 08:17:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787712 Contemporaneous bank records, ledger and contra entries, loan repayment particulars including interest, supporting bank statements and source certificates can establish the genuineness of loan transactions for section 68 purposes. Where credible documentation shows receipt and repayment of loans, it rebuts the presumption that credits are unexplained and prevents a section 68 addition based on alleged accommodation entries. The material addresses loans received from two corporate entities and the evidentiary basis for proving their genuineness. Case-Laws Income Tax Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787712