https://www.taxtmi.com/caselaws?id=799372 Section 68 requires satisfactory proof of creditor identity and capacity and transaction genuineness. Documentary evidence of loan receipts, repayment trail and interest payments, particularly repayment before assessment completion, must be considered in determining whether unsecured loans are unexplained cash credits. Where those facts are established, the loans are not liable to addition as unexplained credits. An interest disallowance founded solely on addition of the principal loans has no independent basis once the loan additions fail; the corresponding interest expenditure consequently remains allowable. en-us Wed, 05 Aug 2026 00:00:00 +0530 Mon, 21 Sep 2026 08:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799372 Section 68 requires satisfactory proof of creditor identity and capacity and transaction genuineness. Documentary evidence of loan receipts, repayment trail and interest payments, particularly repayment before assessment completion, must be considered in determining whether unsecured loans are unexplained cash credits. Where those facts are established, the loans are not liable to addition as unexplained credits. An interest disallowance founded solely on addition of the principal loans has no independent basis once the loan additions fail; the corresponding interest expenditure consequently remains allowable. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799372