https://www.taxtmi.com/caselaws?id=787799 Addition under Section 68 for unexplained unsecured loans is examined by reference to identity, genuineness and source of funds: identity of seven lenders accepted on PANs; genuineness supported by banking receipts and lender confirmations; creditworthiness requires proof of source and bank statements showed cash deposits into lenders' accounts before remittances. For AY 2016 17 the Tribunal treated accumulated past savings and non taxable receipts up to the basic exemption limit of Rs.2,50,000 per individual as acceptable source, thereby explaining amounts up to that limit and leaving the remaining aggregate amount of Rs.7,30,000 unexplained. en-us Mon, 09 Mar 2026 00:00:00 +0530 Thu, 12 Mar 2026 08:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787799 Addition under Section 68 for unexplained unsecured loans is examined by reference to identity, genuineness and source of funds: identity of seven lenders accepted on PANs; genuineness supported by banking receipts and lender confirmations; creditworthiness requires proof of source and bank statements showed cash deposits into lenders' accounts before remittances. For AY 2016 17 the Tribunal treated accumulated past savings and non taxable receipts up to the basic exemption limit of Rs.2,50,000 per individual as acceptable source, thereby explaining amounts up to that limit and leaving the remaining aggregate amount of Rs.7,30,000 unexplained. Case-Laws Income Tax Mon, 09 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787799