https://www.taxtmi.com/caselaws?id=793478 An addition under section 68 for unsecured loans was deleted where the assessee produced lender confirmations, income-tax particulars, bank statements and audited financials, and the loans were repaid through banking channels. General search material and a broad allegation that the lenders were accommodation-entry providers were held insufficient without independent enquiry or direct evidence linking the assessee's specific credits to a sham transaction. The Revenue failed to rebut the documentary evidence or show that the impugned loans were non-genuine, so the deletion of the addition was upheld and the matter was decided against the Revenue. en-us Wed, 20 May 2026 00:00:00 +0530 Tue, 16 Jun 2026 15:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793478 An addition under section 68 for unsecured loans was deleted where the assessee produced lender confirmations, income-tax particulars, bank statements and audited financials, and the loans were repaid through banking channels. General search material and a broad allegation that the lenders were accommodation-entry providers were held insufficient without independent enquiry or direct evidence linking the assessee's specific credits to a sham transaction. The Revenue failed to rebut the documentary evidence or show that the impugned loans were non-genuine, so the deletion of the addition was upheld and the matter was decided against the Revenue. Case-Laws Income Tax Wed, 20 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793478