https://www.taxtmi.com/caselaws?id=789174 Unsecured loans supported by confirmations, bank statements, income-tax returns, financials, PAN, MCA details and repayment records satisfied the assessee's initial burden under section 68 by establishing the lenders' identity, creditworthiness and the genuineness of the transactions. The loans were routed through banking channels and the lenders' accounts showed no cash deposits before disbursement. As the Assessing Officer produced no cogent material to rebut this evidence or show accommodation entries or lack of capacity, the burden was not discharged by the Revenue. The addition under section 68 was therefore not sustainable and was deleted. en-us Wed, 25 Feb 2026 00:00:00 +0530 Sat, 04 Apr 2026 08:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789174 Unsecured loans supported by confirmations, bank statements, income-tax returns, financials, PAN, MCA details and repayment records satisfied the assessee's initial burden under section 68 by establishing the lenders' identity, creditworthiness and the genuineness of the transactions. The loans were routed through banking channels and the lenders' accounts showed no cash deposits before disbursement. As the Assessing Officer produced no cogent material to rebut this evidence or show accommodation entries or lack of capacity, the burden was not discharged by the Revenue. The addition under section 68 was therefore not sustainable and was deleted. Case-Laws Income Tax Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789174