https://www.taxtmi.com/caselaws?id=793735 Section 68 treatment of an unsecured loan turned on the lender's creditworthiness, source of funds and repayment trail. The assessee relied on confirmations, bank statements, audited financials, returns, affidavits and repayment details, while the Department pointed to alleged accommodation entry material and doubts over the lender's financial capacity, including the claimed sale of unlisted shares and weak supporting evidence. Because the assessment order did not independently verify the repayment through banking channels, interest payment, TDS compliance and the lender's source of funds, the deletion of the addition was set aside and the matter was restored for de novo adjudication. en-us Tue, 26 May 2026 00:00:00 +0530 Tue, 23 Jun 2026 08:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793735 Section 68 treatment of an unsecured loan turned on the lender's creditworthiness, source of funds and repayment trail. The assessee relied on confirmations, bank statements, audited financials, returns, affidavits and repayment details, while the Department pointed to alleged accommodation entry material and doubts over the lender's financial capacity, including the claimed sale of unlisted shares and weak supporting evidence. Because the assessment order did not independently verify the repayment through banking channels, interest payment, TDS compliance and the lender's source of funds, the deletion of the addition was set aside and the matter was restored for de novo adjudication. Case-Laws Income Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793735