https://www.taxtmi.com/caselaws?id=789583 Additions under section 68 were found unsustainable where the assessee produced ledger accounts, bank statements, income-tax returns, audited financials, confirmations and other supporting material for unsecured loans and share application money. The transactions moved through banking channels, the counterparties responded to section 133(6) notices, and the unsecured loans were repaid with interest where applicable before the section 148 notice. For share application money, the record supported the identity, capacity and genuineness of the applicants. The evidentiary burden was treated as discharged, and the section 68 additions were deleted. en-us Wed, 08 Apr 2026 00:00:00 +0530 Fri, 10 Apr 2026 09:00:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789583 Additions under section 68 were found unsustainable where the assessee produced ledger accounts, bank statements, income-tax returns, audited financials, confirmations and other supporting material for unsecured loans and share application money. The transactions moved through banking channels, the counterparties responded to section 133(6) notices, and the unsecured loans were repaid with interest where applicable before the section 148 notice. For share application money, the record supported the identity, capacity and genuineness of the applicants. The evidentiary burden was treated as discharged, and the section 68 additions were deleted. Case-Laws Income Tax Wed, 08 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789583