https://www.taxtmi.com/caselaws?id=471557 Unsecured loan additions as unexplained cash credits require consideration of evidence establishing the transaction and discharge of the assessee's initial statutory burden. Lender confirmation, income-tax records, bank statements, audited accounts, balance-sheet disclosure, and supporting documents furnished by the lender substantiated the loan despite non-delivery of a notice to the lender. As the addition did not address this material, the unsecured loan was not treated as unexplained cash credit and the addition was deleted. en-us Wed, 31 May 2023 00:00:00 +0530 Wed, 09 Sep 2026 10:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471557 Unsecured loan additions as unexplained cash credits require consideration of evidence establishing the transaction and discharge of the assessee's initial statutory burden. Lender confirmation, income-tax records, bank statements, audited accounts, balance-sheet disclosure, and supporting documents furnished by the lender substantiated the loan despite non-delivery of a notice to the lender. As the addition did not address this material, the unsecured loan was not treated as unexplained cash credit and the addition was deleted. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471557