https://www.taxtmi.com/caselaws?id=799136 Section 68 requires an assessee to establish each creditor's identity, creditworthiness and the genuineness of unsecured loan transactions. Financial particulars, banking records, creditor confirmations and repayment details can discharge that burden. Low reported income of lenders and the absence of formal loan agreements do not, by themselves, undermine creditworthiness where no contrary material disproves the evidence. Unsecured loan receipts remain satisfactorily explained when the Revenue does not rebut factual material supporting their genuineness. en-us Mon, 31 Aug 2026 00:00:00 +0530 Thu, 17 Sep 2026 07:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799136 Section 68 requires an assessee to establish each creditor's identity, creditworthiness and the genuineness of unsecured loan transactions. Financial particulars, banking records, creditor confirmations and repayment details can discharge that burden. Low reported income of lenders and the absence of formal loan agreements do not, by themselves, undermine creditworthiness where no contrary material disproves the evidence. Unsecured loan receipts remain satisfactorily explained when the Revenue does not rebut factual material supporting their genuineness. Case-Laws Income Tax Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799136