https://www.taxtmi.com/caselaws?id=791796 Unsecured loan credits were accepted as explained where the assessee furnished confirmations, bank statements, PAN details, returns and audited financials to establish the lender's identity, creditworthiness and the genuineness of the transaction. The lender was also treated as a registered NBFC engaged in finance business, and the Tribunal followed a coordinate bench decision on identical facts that had already rejected the same basis used by the lower authorities. On that footing, the addition under section 68 was held unsustainable, and the consequential application of section 115BBE also failed. en-us Wed, 06 May 2026 00:00:00 +0530 Mon, 18 May 2026 08:40:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791796 Unsecured loan credits were accepted as explained where the assessee furnished confirmations, bank statements, PAN details, returns and audited financials to establish the lender's identity, creditworthiness and the genuineness of the transaction. The lender was also treated as a registered NBFC engaged in finance business, and the Tribunal followed a coordinate bench decision on identical facts that had already rejected the same basis used by the lower authorities. On that footing, the addition under section 68 was held unsustainable, and the consequential application of section 115BBE also failed. Case-Laws Income Tax Wed, 06 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791796