https://www.taxtmi.com/caselaws?id=470935 Unsecured loans from identified corporate lenders were satisfactorily explained under Section 68 where confirmations, tax returns, bank statements, ledger extracts and audited financial statements established identity, creditworthiness and genuineness. Banking-channel transactions without cash deposits, coupled with no material linking the loans to the assessee's unaccounted funds, shifted the burden to the Assessing Officer; suspicion, alleged accommodation entries or lack of business activity could not sustain additions. The assessee need not prove the source of the source. Share-sale receipts from directors were likewise explained through documented fund flow from an identified company and were not liable to addition as unexplained cash credits. en-us Fri, 28 Mar 2025 00:00:00 +0530 Fri, 14 Aug 2026 07:13:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470935 Unsecured loans from identified corporate lenders were satisfactorily explained under Section 68 where confirmations, tax returns, bank statements, ledger extracts and audited financial statements established identity, creditworthiness and genuineness. Banking-channel transactions without cash deposits, coupled with no material linking the loans to the assessee's unaccounted funds, shifted the burden to the Assessing Officer; suspicion, alleged accommodation entries or lack of business activity could not sustain additions. The assessee need not prove the source of the source. Share-sale receipts from directors were likewise explained through documented fund flow from an identified company and were not liable to addition as unexplained cash credits. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470935