https://www.taxtmi.com/caselaws?id=788721 A book credit shown as a loan is tested under section 68, not section 69A, where the amount is recorded in the books; the assessee must prove identity, creditworthiness and genuineness, and failure to do so permits addition as unexplained cash credit. A lender's admission that it was a paper entity used for accommodation entries can support the adverse inference, and denial of cross-examination does not by itself defeat the addition where the statutory burden remains unmet. On that basis, reopening under section 148A was treated as valid, estimated commission under section 69C was sustained, and interest on the non-genuine loan was disallowed under section 37. en-us Thu, 12 Mar 2026 00:00:00 +0530 Fri, 27 Mar 2026 08:52:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788721 A book credit shown as a loan is tested under section 68, not section 69A, where the amount is recorded in the books; the assessee must prove identity, creditworthiness and genuineness, and failure to do so permits addition as unexplained cash credit. A lender's admission that it was a paper entity used for accommodation entries can support the adverse inference, and denial of cross-examination does not by itself defeat the addition where the statutory burden remains unmet. On that basis, reopening under section 148A was treated as valid, estimated commission under section 69C was sustained, and interest on the non-genuine loan was disallowed under section 37. Case-Laws Income Tax Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788721