https://www.taxtmi.com/caselaws?id=790119 Unsecured loan additions under section 68 were found unsustainable where the assessee produced confirmations, PAN, income-tax returns, audited financials and bank statements, and the lenders were shown to be established entities with lending activity and financial capacity. Independent inquiry in some cases and loan repayment through banking channels further supported identity, creditworthiness and genuineness. In the absence of incriminating material showing cash component, accommodation entry or any adverse evidence from search, suspicion, alleged links between directors, incomplete bank records or prior assessments could not displace the evidence furnished. The demand to prove the source of source was rejected, and the related interest disallowances were also deleted. en-us Fri, 17 Apr 2026 00:00:00 +0530 Mon, 20 Apr 2026 08:30:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790119 Unsecured loan additions under section 68 were found unsustainable where the assessee produced confirmations, PAN, income-tax returns, audited financials and bank statements, and the lenders were shown to be established entities with lending activity and financial capacity. Independent inquiry in some cases and loan repayment through banking channels further supported identity, creditworthiness and genuineness. In the absence of incriminating material showing cash component, accommodation entry or any adverse evidence from search, suspicion, alleged links between directors, incomplete bank records or prior assessments could not displace the evidence furnished. The demand to prove the source of source was rejected, and the related interest disallowances were also deleted. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790119