https://www.taxtmi.com/caselaws?id=794671 Unsecured loan credits were held explainable where the assessee produced loan confirmation, PAN, bank statements, Form 16, tax audit disclosures, and the lender's reply under section 133(6) showing the source of funds. The Tribunal found that the lender's identity, creditworthiness, and the genuineness of the transaction were established on record, and the Revenue brought no contrary material to rebut the explanation. It further held that the addition could not be sustained merely because the lender had not filed a return for the relevant year, as the assessee had discharged the burden required for cash credit verification. en-us Thu, 25 Jun 2026 00:00:00 +0530 Thu, 09 Jul 2026 08:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794671 Unsecured loan credits were held explainable where the assessee produced loan confirmation, PAN, bank statements, Form 16, tax audit disclosures, and the lender's reply under section 133(6) showing the source of funds. The Tribunal found that the lender's identity, creditworthiness, and the genuineness of the transaction were established on record, and the Revenue brought no contrary material to rebut the explanation. It further held that the addition could not be sustained merely because the lender had not filed a return for the relevant year, as the assessee had discharged the burden required for cash credit verification. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794671