https://www.taxtmi.com/caselaws?id=792290 Section 68 additions on an unsecured loan are not sustainable where the assessee substantiates identity, creditworthiness, and genuineness through loan confirmations, banking records, audited accounts, repayment evidence, and the lender's response to notice under section 133(6). The Tribunal noted that the loan moved through banking channels, was repaid quickly, and there was no specific adverse material linking the transaction to the search material relied on by the Assessing Officer. Generic doubts about the lender's background or employee strength were insufficient to displace the documentary record. Once the loan was accepted as genuine, the connected disallowance of interest and alleged commission also failed. en-us Fri, 22 May 2026 00:00:00 +0530 Tue, 26 May 2026 08:24:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792290 Section 68 additions on an unsecured loan are not sustainable where the assessee substantiates identity, creditworthiness, and genuineness through loan confirmations, banking records, audited accounts, repayment evidence, and the lender's response to notice under section 133(6). The Tribunal noted that the loan moved through banking channels, was repaid quickly, and there was no specific adverse material linking the transaction to the search material relied on by the Assessing Officer. Generic doubts about the lender's background or employee strength were insufficient to displace the documentary record. Once the loan was accepted as genuine, the connected disallowance of interest and alleged commission also failed. Case-Laws Income Tax Fri, 22 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792290