https://www.taxtmi.com/caselaws?id=798562 Specific investigation information identifying an alleged accommodation-entry loan and establishing a live nexus with escaped income supports reassessment at the stage of recording reasons, where only a prima facie belief is required. Loan confirmations and banking-channel transactions alone do not establish the creditor's identity, creditworthiness and the transaction's genuineness when the creditor does not respond to statutory notices or examination and adverse investigation material remains unrebutted. The primary burden for an unexplained cash credit consequently remains undischarged, and related interest may be disallowed. Current-year and brought-forward business losses require supporting material showing compliance with conditions for determination and carry-forward. en-us Thu, 13 Aug 2026 00:00:00 +0530 Wed, 09 Sep 2026 08:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798562 Specific investigation information identifying an alleged accommodation-entry loan and establishing a live nexus with escaped income supports reassessment at the stage of recording reasons, where only a prima facie belief is required. Loan confirmations and banking-channel transactions alone do not establish the creditor's identity, creditworthiness and the transaction's genuineness when the creditor does not respond to statutory notices or examination and adverse investigation material remains unrebutted. The primary burden for an unexplained cash credit consequently remains undischarged, and related interest may be disallowed. Current-year and brought-forward business losses require supporting material showing compliance with conditions for determination and carry-forward. Case-Laws Income Tax Thu, 13 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798562