https://www.taxtmi.com/caselaws?id=467380 The dispute concerns unsecured loans where the assessee failed to establish the identity, genuineness and creditworthiness of alleged lenders; the tribunal applied cash credit principles and required corroborative documentary and bank evidence, finding the confirmations and replies inadequate. Because the requisite third party and banking corroboration was not produced despite enquiries and remand opportunities, additions under cash credit principles were sustained and consequential disallowances of interest and expenses upheld; the appeal against those additions and disallowances was dismissed. en-us Thu, 20 Feb 2025 00:00:00 +0530 Mon, 16 Mar 2026 19:04:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467380 The dispute concerns unsecured loans where the assessee failed to establish the identity, genuineness and creditworthiness of alleged lenders; the tribunal applied cash credit principles and required corroborative documentary and bank evidence, finding the confirmations and replies inadequate. Because the requisite third party and banking corroboration was not produced despite enquiries and remand opportunities, additions under cash credit principles were sustained and consequential disallowances of interest and expenses upheld; the appeal against those additions and disallowances was dismissed. Case-Laws Income Tax Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467380