https://www.taxtmi.com/caselaws?id=795831 Unexplained loan credits cannot be added where the taxpayer establishes lender identity, transaction genuineness and creditworthiness through confirmations, financial records, banking evidence and repayment details, and the Revenue neither identifies defects nor conducts independent enquiry. The burden then shifts to the Revenue to produce contrary material, resulting in deletion of the loan addition. Donation expenditure requires verification where the supporting receipt is unavailable. Fees for increasing authorised share capital are not allowable as outright revenue expenditure and may be claimed only through statutory amortisation. en-us Fri, 24 Jul 2026 00:00:00 +0530 Tue, 28 Jul 2026 08:30:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795831 Unexplained loan credits cannot be added where the taxpayer establishes lender identity, transaction genuineness and creditworthiness through confirmations, financial records, banking evidence and repayment details, and the Revenue neither identifies defects nor conducts independent enquiry. The burden then shifts to the Revenue to produce contrary material, resulting in deletion of the loan addition. Donation expenditure requires verification where the supporting receipt is unavailable. Fees for increasing authorised share capital are not allowable as outright revenue expenditure and may be claimed only through statutory amortisation. Case-Laws Income Tax Fri, 24 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795831