https://www.taxtmi.com/caselaws?id=790547 Deletion of the section 68 addition in respect of an unsecured loan from a holding company was held unsustainable where the assessee produced basic lender documents but did not explain the source and nature of the credits appearing in the lender's bank account immediately before the transfer. For the relevant assessment year, the first proviso to section 68 required a satisfactory explanation of the nature and source of the credited sum, and the appellate authority's reliance on the absence of independent enquiry was insufficient. The record also indicated that the further enquiry contemplated by section 250 was not carried out before reversing the addition. The matter was remanded for fresh consideration after necessary enquiry. en-us Tue, 07 Apr 2026 00:00:00 +0530 Mon, 27 Apr 2026 08:21:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790547 Deletion of the section 68 addition in respect of an unsecured loan from a holding company was held unsustainable where the assessee produced basic lender documents but did not explain the source and nature of the credits appearing in the lender's bank account immediately before the transfer. For the relevant assessment year, the first proviso to section 68 required a satisfactory explanation of the nature and source of the credited sum, and the appellate authority's reliance on the absence of independent enquiry was insufficient. The record also indicated that the further enquiry contemplated by section 250 was not carried out before reversing the addition. The matter was remanded for fresh consideration after necessary enquiry. Case-Laws Income Tax Tue, 07 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790547