https://www.taxtmi.com/caselaws?id=797855 Section 68 requires an assessee to establish creditor identity, transaction genuineness and prima facie creditworthiness. Confirmations, PAN details, bank records, income-tax particulars, loan accounts and banking-channel repayments discharge the initial burden, after which the Revenue must produce cogent rebuttal evidence through meaningful inquiry. Low declared income, preceding cash deposits or incomplete documentation may warrant investigation but do not alone prove that loan credits are undisclosed income. The unsecured-loan addition was therefore deleted. Employees' PF/ESI contributions remain deductible only if deposited within the due date under the applicable welfare law; payment before the income-tax return-filing due date does not cure delay. The related disallowance remained payable. en-us Fri, 21 Aug 2026 00:00:00 +0530 Fri, 28 Aug 2026 20:42:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797855 Section 68 requires an assessee to establish creditor identity, transaction genuineness and prima facie creditworthiness. Confirmations, PAN details, bank records, income-tax particulars, loan accounts and banking-channel repayments discharge the initial burden, after which the Revenue must produce cogent rebuttal evidence through meaningful inquiry. Low declared income, preceding cash deposits or incomplete documentation may warrant investigation but do not alone prove that loan credits are undisclosed income. The unsecured-loan addition was therefore deleted. Employees' PF/ESI contributions remain deductible only if deposited within the due date under the applicable welfare law; payment before the income-tax return-filing due date does not cure delay. The related disallowance remained payable. Case-Laws Income Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797855