https://www.taxtmi.com/caselaws?id=471111 Unsecured loan additions under Section 68 were deleted because lender confirmations, ledger accounts, bank statements, PAN details, financial statements, tax-deduction records and income-tax return acknowledgements established the lenders' identity, creditworthiness and the genuineness of the transactions. Repayment of the loans before the search, accepted without inquiry, further supported the explanation. The Revenue did not dispute these factual findings, so the deletion of the unexplained cash-credit additions was sustained in favour of the assessee. en-us Fri, 28 Jun 2024 00:00:00 +0530 Fri, 21 Aug 2026 11:42:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471111 Unsecured loan additions under Section 68 were deleted because lender confirmations, ledger accounts, bank statements, PAN details, financial statements, tax-deduction records and income-tax return acknowledgements established the lenders' identity, creditworthiness and the genuineness of the transactions. Repayment of the loans before the search, accepted without inquiry, further supported the explanation. The Revenue did not dispute these factual findings, so the deletion of the unexplained cash-credit additions was sustained in favour of the assessee. Case-Laws Income Tax Fri, 28 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471111