https://www.taxtmi.com/caselaws?id=789756 Unsecured loan credits were found unsustainable as unexplained cash credits under section 68 where the assessee had produced confirmations, bank statements, income-tax returns, ledger accounts and proof of repayment through banking channels, along with tax deduction on interest. The addition was based mainly on the lenders' low income and a general statement about entry providers, but the Revenue produced no direct or circumstantial evidence of a cash trail, return of the assessee's own money, or a proximate nexus with alleged accommodation entries. Once primary evidence was furnished, the burden shifted to the Revenue to rebut it with contrary material, which it failed to do; the additions and consequential disallowances were deleted. en-us Wed, 08 Apr 2026 00:00:00 +0530 Wed, 15 Apr 2026 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789756 Unsecured loan credits were found unsustainable as unexplained cash credits under section 68 where the assessee had produced confirmations, bank statements, income-tax returns, ledger accounts and proof of repayment through banking channels, along with tax deduction on interest. The addition was based mainly on the lenders' low income and a general statement about entry providers, but the Revenue produced no direct or circumstantial evidence of a cash trail, return of the assessee's own money, or a proximate nexus with alleged accommodation entries. Once primary evidence was furnished, the burden shifted to the Revenue to rebut it with contrary material, which it failed to do; the additions and consequential disallowances were deleted. Case-Laws Income Tax Wed, 08 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789756