https://www.taxtmi.com/caselaws?id=470131 Unexplained cash credits may be taxed where the assessee provides no evidence to establish the source of unsecured loans. Financial statements recovered during a survey may support taxation of disclosed business profit when they remain unrebutted before the tax authorities. The note also addresses additions for unexplained sources of loans advanced through proprietary concerns, emphasising that failure to explain those sources can sustain an addition even where no separate material supports an ad hoc estimate. The stated principle is that unsupported credits and unrebutted survey records can justify tax additions. en-us Mon, 17 Mar 2025 00:00:00 +0530 Thu, 16 Jul 2026 19:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470131 Unexplained cash credits may be taxed where the assessee provides no evidence to establish the source of unsecured loans. Financial statements recovered during a survey may support taxation of disclosed business profit when they remain unrebutted before the tax authorities. The note also addresses additions for unexplained sources of loans advanced through proprietary concerns, emphasising that failure to explain those sources can sustain an addition even where no separate material supports an ad hoc estimate. The stated principle is that unsupported credits and unrebutted survey records can justify tax additions. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470131