https://www.taxtmi.com/caselaws?id=468615 An addition as unexplained cash credit was found unsustainable where the loan was supported by bank statements, confirmation from the lender, PAN details, cheque entries and a response to notice under section 133(6). On that material, the identity of the creditor and the genuineness of the transaction were established, and the banking trail supported the assessee's explanation. Mere non-production of the lender's income-tax return, by itself, was held insufficient to dislodge the explanation under section 68 when surrounding evidence showed an actual loan transaction. en-us Fri, 07 Feb 2025 00:00:00 +0530 Thu, 14 May 2026 19:45:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468615 An addition as unexplained cash credit was found unsustainable where the loan was supported by bank statements, confirmation from the lender, PAN details, cheque entries and a response to notice under section 133(6). On that material, the identity of the creditor and the genuineness of the transaction were established, and the banking trail supported the assessee's explanation. Mere non-production of the lender's income-tax return, by itself, was held insufficient to dislodge the explanation under section 68 when surrounding evidence showed an actual loan transaction. Case-Laws Income Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468615