https://www.taxtmi.com/caselaws?id=795343 For pre-2013 share application credits, evidence of subscriber identity, financial capacity and receipt through banking channels discharges the assessee's initial burden under Section 68; the later requirement to prove the source of the source does not apply to Assessment Year 2011-12. For unsecured loan credits, lender confirmations, tax records, financial statements where available, bank statements and banking-channel repayments support identity, creditworthiness and genuineness. Where the Revenue conducts no adequate independent enquiry and produces no contrary material, such credits cannot be treated as unexplained cash credits. en-us Mon, 29 Jun 2026 00:00:00 +0530 Tue, 21 Jul 2026 08:32:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795343 For pre-2013 share application credits, evidence of subscriber identity, financial capacity and receipt through banking channels discharges the assessee's initial burden under Section 68; the later requirement to prove the source of the source does not apply to Assessment Year 2011-12. For unsecured loan credits, lender confirmations, tax records, financial statements where available, bank statements and banking-channel repayments support identity, creditworthiness and genuineness. Where the Revenue conducts no adequate independent enquiry and produces no contrary material, such credits cannot be treated as unexplained cash credits. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795343