https://www.taxtmi.com/caselaws?id=470891 Rule 46A permits admission of additional evidence where sufficient cause is recorded and the Assessing Officer receives an effective opportunity to examine and rebut it. For unsecured loans and fresh trade credits, confirmations, tax returns, bank statements, ledger accounts and invoices may establish identity, creditworthiness and genuineness; unsupported suspicions about lenders or their immediate funding source do not sustain section 68 additions. Section 68 does not apply to brought-forward loan or creditor balances. Once principal loans are accepted, related interest disallowance cannot survive. Partners' capital additions fail where actual contributions are supported and interest credits are merely accounting entries without fund inflow. en-us Thu, 27 Mar 2025 00:00:00 +0530 Wed, 12 Aug 2026 21:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470891 Rule 46A permits admission of additional evidence where sufficient cause is recorded and the Assessing Officer receives an effective opportunity to examine and rebut it. For unsecured loans and fresh trade credits, confirmations, tax returns, bank statements, ledger accounts and invoices may establish identity, creditworthiness and genuineness; unsupported suspicions about lenders or their immediate funding source do not sustain section 68 additions. Section 68 does not apply to brought-forward loan or creditor balances. Once principal loans are accepted, related interest disallowance cannot survive. Partners' capital additions fail where actual contributions are supported and interest credits are merely accounting entries without fund inflow. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470891