https://www.taxtmi.com/caselaws?id=788348 Unexplained cash credit additions can be rebutted where the taxpayer produces contemporaneous bank statements, loan agreements, confirmations from recipient parties and responses to statutory summons demonstrating receipt and subsequent repayment of advances; such documentary evidence establishes genuineness and repayment, negating the basis for an addition under unexplained cash credit. The practical effect is that an assessed addition based solely on unexplained credits will be deleted when the assessee furnishes corroborative transactional and statutory-response records proving advances and their repayment. en-us Thu, 05 Feb 2026 00:00:00 +0530 Fri, 20 Mar 2026 08:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788348 Unexplained cash credit additions can be rebutted where the taxpayer produces contemporaneous bank statements, loan agreements, confirmations from recipient parties and responses to statutory summons demonstrating receipt and subsequent repayment of advances; such documentary evidence establishes genuineness and repayment, negating the basis for an addition under unexplained cash credit. The practical effect is that an assessed addition based solely on unexplained credits will be deleted when the assessee furnishes corroborative transactional and statutory-response records proving advances and their repayment. Case-Laws Income Tax Thu, 05 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788348