https://www.taxtmi.com/caselaws?id=788589 Unsecured loan credits are vulnerable to addition under section 68 where the assessee cannot establish the identity, creditworthiness and genuineness of the lenders with reliable material. Furnishing confirmations, PAN details, addresses, e-mail IDs and bank statements, or showing repayment through banking channels, is not sufficient if the surrounding facts indicate accommodation entries or bogus loans. The assessee must discharge the statutory onus to the satisfaction of the Assessing Officer, and banking-channel repayment does not cure an otherwise unproved transaction. On this basis, the Tribunal sustained the assessment addition relating to the impugned unsecured loans. en-us Fri, 20 Mar 2026 00:00:00 +0530 Wed, 25 Mar 2026 08:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788589 Unsecured loan credits are vulnerable to addition under section 68 where the assessee cannot establish the identity, creditworthiness and genuineness of the lenders with reliable material. Furnishing confirmations, PAN details, addresses, e-mail IDs and bank statements, or showing repayment through banking channels, is not sufficient if the surrounding facts indicate accommodation entries or bogus loans. The assessee must discharge the statutory onus to the satisfaction of the Assessing Officer, and banking-channel repayment does not cure an otherwise unproved transaction. On this basis, the Tribunal sustained the assessment addition relating to the impugned unsecured loans. Case-Laws Income Tax Fri, 20 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788589