https://www.taxtmi.com/caselaws?id=470101 An alleged unexplained unsecured loan addition was examined against the assessee's evidence of the lender's identity, creditworthiness and the genuineness of the transaction. The loan was received and repaid through banking channels, supported by ledger accounts, confirmation, bank statements, tax-return acknowledgement, PAN, address and source-of-funds details. The lender's active MCA/ROC status supported its existence, while no cash deposit or cash trail was identified. The amount was also duplicated for assessment purposes. On these facts, the material states that the assessee discharged the evidentiary burden and that deletion of the addition was sustained. en-us Mon, 17 Mar 2025 00:00:00 +0530 Wed, 15 Jul 2026 18:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470101 An alleged unexplained unsecured loan addition was examined against the assessee's evidence of the lender's identity, creditworthiness and the genuineness of the transaction. The loan was received and repaid through banking channels, supported by ledger accounts, confirmation, bank statements, tax-return acknowledgement, PAN, address and source-of-funds details. The lender's active MCA/ROC status supported its existence, while no cash deposit or cash trail was identified. The amount was also duplicated for assessment purposes. On these facts, the material states that the assessee discharged the evidentiary burden and that deletion of the addition was sustained. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470101