https://www.taxtmi.com/caselaws?id=795353 Unsecured loan credits cannot be treated as unexplained where the assessee establishes the lender's identity, creditworthiness and the transaction's genuineness. The lender's restoration in the corporate register, income-tax and GST returns, bank statements, and substantial electricity consumption supported its status as an active manufacturing concern and demonstrated financial capacity. Receipt through normal banking channels supported the genuineness of the loan. On these facts, the addition for unexplained cash credit was deleted. en-us Thu, 16 Jul 2026 00:00:00 +0530 Tue, 21 Jul 2026 08:32:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795353 Unsecured loan credits cannot be treated as unexplained where the assessee establishes the lender's identity, creditworthiness and the transaction's genuineness. The lender's restoration in the corporate register, income-tax and GST returns, bank statements, and substantial electricity consumption supported its status as an active manufacturing concern and demonstrated financial capacity. Receipt through normal banking channels supported the genuineness of the loan. On these facts, the addition for unexplained cash credit was deleted. Case-Laws Income Tax Thu, 16 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795353