https://www.taxtmi.com/caselaws?id=796079 Unsecured loan additions require proof of the creditor's identity, creditworthiness and the genuineness of the transaction. Loan confirmations, banking records, financial records, interest payment with tax deduction, repayment through banking channels, and the creditor's confirmation established these requirements; unsubstantiated general allegations about accommodation entries could not support an unexplained cash-credit addition. Expenditure disallowance relating to exempt income must be computed under the prescribed method by considering only investments that actually yielded exempt income during the relevant year. The cash-credit addition was deleted and 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 proof of the creditor's identity, creditworthiness and the genuineness of the transaction. Loan confirmations, banking records, financial records, interest payment with tax deduction, repayment through banking channels, and the creditor's confirmation established these requirements; unsubstantiated general allegations about accommodation entries could not support an unexplained cash-credit addition. Expenditure disallowance relating to exempt income must be computed under the prescribed method by considering only investments that actually yielded exempt income during the relevant year. The cash-credit addition was deleted and 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