https://www.taxtmi.com/caselaws?id=797776 Unexplained unsecured loans may be accepted where confirmations, ledger accounts, bank statements, tax returns and financial statements establish creditor identity, creditworthiness and transaction genuineness, particularly when the material remains unverified or undiscredited during remand. Low returned income alone does not disprove creditworthiness. Alleged accommodation-entry loans require corroborated evidence linking funds to unaccounted cash; unauthenticated, undated third-party messages without a cash trail or bank evidence are insufficient. Disallowance of expenditure relating to exempt income under the prescribed computation mechanism requires recorded dissatisfaction with the taxpayer's accounts; without it, the disallowance is unsustainable. en-us Wed, 19 Aug 2026 00:00:00 +0530 Thu, 27 Aug 2026 08:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797776 Unexplained unsecured loans may be accepted where confirmations, ledger accounts, bank statements, tax returns and financial statements establish creditor identity, creditworthiness and transaction genuineness, particularly when the material remains unverified or undiscredited during remand. Low returned income alone does not disprove creditworthiness. Alleged accommodation-entry loans require corroborated evidence linking funds to unaccounted cash; unauthenticated, undated third-party messages without a cash trail or bank evidence are insufficient. Disallowance of expenditure relating to exempt income under the prescribed computation mechanism requires recorded dissatisfaction with the taxpayer's accounts; without it, the disallowance is unsustainable. Case-Laws Income Tax Wed, 19 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797776