https://www.taxtmi.com/caselaws?id=794403 Unsecured loans supported by confirmations, bank statements, ledger accounts and evidence of repayment with interest were held to satisfy section 68 requirements. The Tribunal treated receipt through banking channels and documentary corroboration as sufficient to establish the genuineness of the transactions. It also held that lenders' earning capacity, by itself, does not conclude the question of creditworthiness, which depends on the ability to arrange funds for lending. On that basis, the addition under section 68 was deleted. en-us Thu, 25 Jun 2026 00:00:00 +0530 Sat, 04 Jul 2026 08:15:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794403 Unsecured loans supported by confirmations, bank statements, ledger accounts and evidence of repayment with interest were held to satisfy section 68 requirements. The Tribunal treated receipt through banking channels and documentary corroboration as sufficient to establish the genuineness of the transactions. It also held that lenders' earning capacity, by itself, does not conclude the question of creditworthiness, which depends on the ability to arrange funds for lending. On that basis, the addition under section 68 was deleted. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794403