https://www.taxtmi.com/caselaws?id=790403 Unsecured loan additions were deleted where the assessee produced primary evidence of identity, genuineness and creditworthiness, and the Revenue was not entitled to insist on proof of source of source. For the first lender, financial statements and surrounding facts supported the transaction, and a lawful call for material under section 250(4) defeated the Rule 46A objection. For the second lender, the amount was reflected only through a journal entry and not as a fresh credit in the year, while repayments in the books supported the explanation. Interest-related addition linked to the third lender was also treated as genuine, following the position accepted in earlier and connected matters. en-us Fri, 17 Apr 2026 00:00:00 +0530 Thu, 23 Apr 2026 16:15:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790403 Unsecured loan additions were deleted where the assessee produced primary evidence of identity, genuineness and creditworthiness, and the Revenue was not entitled to insist on proof of source of source. For the first lender, financial statements and surrounding facts supported the transaction, and a lawful call for material under section 250(4) defeated the Rule 46A objection. For the second lender, the amount was reflected only through a journal entry and not as a fresh credit in the year, while repayments in the books supported the explanation. Interest-related addition linked to the third lender was also treated as genuine, following the position accepted in earlier and connected matters. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790403