https://www.taxtmi.com/caselaws?id=788353 Verified third-party responses to statutory notices together with documentary evidence produced on remand were held sufficient to establish the genuineness of unsecured loans for the purposes of Section 68, resulting in deletion of additions treating those advances as unexplained cash credits. Because the loans were accepted as genuine on the factual matrix of bank statements, ledgers, returns and repayment timelines verified during remand, the consequential disallowance of interest collapsed and interest paid on the genuine loans was allowed in favour of the assessee. en-us Fri, 06 Feb 2026 00:00:00 +0530 Fri, 20 Mar 2026 08:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788353 Verified third-party responses to statutory notices together with documentary evidence produced on remand were held sufficient to establish the genuineness of unsecured loans for the purposes of Section 68, resulting in deletion of additions treating those advances as unexplained cash credits. Because the loans were accepted as genuine on the factual matrix of bank statements, ledgers, returns and repayment timelines verified during remand, the consequential disallowance of interest collapsed and interest paid on the genuine loans was allowed in favour of the assessee. Case-Laws Income Tax Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788353