https://www.taxtmi.com/caselaws?id=791194 Unsecured loan credits were found unsustainable under section 68 where the assessee furnished identity particulars, PAN, confirmations, bank statements, affidavits and proof of repayment. The documentary record showed lender identity, banking channel movement of funds and subsequent repayment, and there was no adverse material to prove the transactions were sham. The primary onus under section 68 was therefore discharged, and the mere similarity in affidavits or absence of further inquiry did not justify the addition, which was deleted. en-us Fri, 17 Apr 2026 00:00:00 +0530 Thu, 07 May 2026 07:08:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791194 Unsecured loan credits were found unsustainable under section 68 where the assessee furnished identity particulars, PAN, confirmations, bank statements, affidavits and proof of repayment. The documentary record showed lender identity, banking channel movement of funds and subsequent repayment, and there was no adverse material to prove the transactions were sham. The primary onus under section 68 was therefore discharged, and the mere similarity in affidavits or absence of further inquiry did not justify the addition, which was deleted. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791194