https://www.taxtmi.com/caselaws?id=467296 Section 68 addition for an alleged unexplained loan was deleted where confirmations, creditor and assessee bank statements, and the Rule 46A remand report corroborated receipt and subsequent repayment. Section 68 requires a satisfactory explanation of a credited sum, including the creditor's explanation where the credit is a loan. No adverse inquiry or finding challenged the repayment, the bank trail, or the source-related evidence. As the evidentiary record supported the loan explanation and no contrary material was identified, the benefit of doubt operated in the assessee's favour. en-us Fri, 21 Feb 2025 00:00:00 +0530 Fri, 13 Mar 2026 18:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467296 Section 68 addition for an alleged unexplained loan was deleted where confirmations, creditor and assessee bank statements, and the Rule 46A remand report corroborated receipt and subsequent repayment. Section 68 requires a satisfactory explanation of a credited sum, including the creditor's explanation where the credit is a loan. No adverse inquiry or finding challenged the repayment, the bank trail, or the source-related evidence. As the evidentiary record supported the loan explanation and no contrary material was identified, the benefit of doubt operated in the assessee's favour. Case-Laws Income Tax Fri, 21 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467296