https://www.taxtmi.com/caselaws?id=797675 Repayment of recorded micro-finance loan receivables, supported by audited disclosures, cash-book entries, cash-flow details, deposit particulars and borrower confirmations, does not create a fresh unexplained cash credit. Receipt in demonetised currency and non-service of some third-party notices do not establish undisclosed income without material disproving the repayments, particularly where the books and loan portfolio remain unrejected. Interest embedded in the instalments, already credited in the books and offered to tax, cannot be separately added once the principal recoveries are accepted; such addition would duplicate taxation. en-us Fri, 07 Aug 2026 00:00:00 +0530 Wed, 26 Aug 2026 08:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797675 Repayment of recorded micro-finance loan receivables, supported by audited disclosures, cash-book entries, cash-flow details, deposit particulars and borrower confirmations, does not create a fresh unexplained cash credit. Receipt in demonetised currency and non-service of some third-party notices do not establish undisclosed income without material disproving the repayments, particularly where the books and loan portfolio remain unrejected. Interest embedded in the instalments, already credited in the books and offered to tax, cannot be separately added once the principal recoveries are accepted; such addition would duplicate taxation. Case-Laws Income Tax Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797675