https://www.taxtmi.com/caselaws?id=793443 Unsecured loan received through banking channels was treated as an accommodation entry rather than a genuine loan because the surrounding investigation material showed the lender to be part of a shell-entity network with negligible business activity, poor creditworthiness and non-traceable presence. The assessee's confirmations, PAN and bank statement were not enough, as no loan agreement or commercial terms were produced and repayment was shown only after reassessment. The primary onus under section 68 was therefore held undischarged, and the separate objection based on non-furnishing of statements and denial of cross-examination failed because the addition rested on independent investigation material. The additions under sections 68 and 69C were upheld. en-us Wed, 10 Jun 2026 00:00:00 +0530 Tue, 16 Jun 2026 08:32:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793443 Unsecured loan received through banking channels was treated as an accommodation entry rather than a genuine loan because the surrounding investigation material showed the lender to be part of a shell-entity network with negligible business activity, poor creditworthiness and non-traceable presence. The assessee's confirmations, PAN and bank statement were not enough, as no loan agreement or commercial terms were produced and repayment was shown only after reassessment. The primary onus under section 68 was therefore held undischarged, and the separate objection based on non-furnishing of statements and denial of cross-examination failed because the addition rested on independent investigation material. The additions under sections 68 and 69C were upheld. Case-Laws Income Tax Wed, 10 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793443