https://www.taxtmi.com/caselaws?id=467384 Where an assessee furnished identity, lender confirmation, bank entries, ledger extracts and the lender's financial statements showing sources and third party borrowings, an addition under Section 68 treating the loan as unexplained cash credit could not be sustained without further verification; the tribunal found the authorities erred in treating the entire receipt as unexplained and directed deletion of the addition of Rs. 15,74,850, allowing the appeal. The decision emphasises verifying actual peak credit and lender particulars when detailed corroborative particulars are produced. en-us Thu, 20 Feb 2025 00:00:00 +0530 Mon, 16 Mar 2026 16:42:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467384 Where an assessee furnished identity, lender confirmation, bank entries, ledger extracts and the lender's financial statements showing sources and third party borrowings, an addition under Section 68 treating the loan as unexplained cash credit could not be sustained without further verification; the tribunal found the authorities erred in treating the entire receipt as unexplained and directed deletion of the addition of Rs. 15,74,850, allowing the appeal. The decision emphasises verifying actual peak credit and lender particulars when detailed corroborative particulars are produced. Case-Laws Income Tax Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467384