https://www.taxtmi.com/caselaws?id=794324 Unsecured loan additions under section 68 were held unsustainable where the assessee produced documentary proof of the lender's identity, creditworthiness, genuineness of the transactions, and repayment through banking channels. The loans were received by account payee cheque, supporting records were filed, and the Tribunal with the first appellate authority concurrently found that the lender's financial profile and the assessee's books sufficiently reflected the source of funds. On those facts, no substantial question of law arose in the revenue's appeal, and the addition was not upheld. en-us Mon, 22 Jun 2026 00:00:00 +0530 Fri, 03 Jul 2026 08:49:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794324 Unsecured loan additions under section 68 were held unsustainable where the assessee produced documentary proof of the lender's identity, creditworthiness, genuineness of the transactions, and repayment through banking channels. The loans were received by account payee cheque, supporting records were filed, and the Tribunal with the first appellate authority concurrently found that the lender's financial profile and the assessee's books sufficiently reflected the source of funds. On those facts, no substantial question of law arose in the revenue's appeal, and the addition was not upheld. Case-Laws Income Tax Mon, 22 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794324