https://www.taxtmi.com/caselaws?id=796079 Unsecured loan additions require credible proof of the creditor's identity, creditworthiness and the transaction's genuineness. Loan confirmations, bank statements, financial records, interest payments with tax deduction, repayment through banking channels, and the lender's confirmation supported the loan; general allegations about lenders' practices, without transaction-specific contrary evidence, were insufficient. The article states that the cash-credit addition was deleted. Expenditure disallowance relating to exempt income must be computed by considering only investments that yielded exempt income during the relevant year. The article states that the disallowance was directed to be recomputed on that restricted basis. en-us Fri, 29 May 2026 00:00:00 +0530 Fri, 31 Jul 2026 08:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796079 Unsecured loan additions require credible proof of the creditor's identity, creditworthiness and the transaction's genuineness. Loan confirmations, bank statements, financial records, interest payments with tax deduction, repayment through banking channels, and the lender's confirmation supported the loan; general allegations about lenders' practices, without transaction-specific contrary evidence, were insufficient. The article states that the cash-credit addition was deleted. Expenditure disallowance relating to exempt income must be computed by considering only investments that yielded exempt income during the relevant year. The article states that the disallowance was directed to be recomputed on that restricted basis. Case-Laws Income Tax Fri, 29 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796079