https://www.taxtmi.com/caselaws?id=467497 Addition treating an unsecured loan as unexplained credit under the Income tax provisions was deleted because the assessee discharged the onus by producing documentary evidence and relevant precedents showing the creditor was not a paper or shell company; the surrounding facts and records did not sustain treating the receipt as unexplained. On that basis the impugned addition of Rs.23,00,000 was reversed and the appeal allowed, the operative effect being restoration of the loan treatment in the assessee's hands rather than taxation as unexplained credit. en-us Thu, 22 Jan 2026 00:00:00 +0530 Fri, 20 Mar 2026 18:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467497 Addition treating an unsecured loan as unexplained credit under the Income tax provisions was deleted because the assessee discharged the onus by producing documentary evidence and relevant precedents showing the creditor was not a paper or shell company; the surrounding facts and records did not sustain treating the receipt as unexplained. On that basis the impugned addition of Rs.23,00,000 was reversed and the appeal allowed, the operative effect being restoration of the loan treatment in the assessee's hands rather than taxation as unexplained credit. Case-Laws Income Tax Thu, 22 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467497