https://www.taxtmi.com/caselaws?id=800011 Unexplained loan-credit additions require proof of the creditor's identity, creditworthiness and the genuineness of the transaction. Lender confirmations, income-tax returns, source details and banking records may establish these elements where they remain unrebutted and no contrary material or further lender inquiry exists. Continued non-repayment of interest-free loans may be explained by the borrower's health and financial difficulties. Restoration to lower authorities is unnecessary where the existing record contains all material needed to decide the addition and no further factual inquiry or evidence is required. en-us Mon, 21 Sep 2026 00:00:00 +0530 Wed, 30 Sep 2026 08:41:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800011 Unexplained loan-credit additions require proof of the creditor's identity, creditworthiness and the genuineness of the transaction. Lender confirmations, income-tax returns, source details and banking records may establish these elements where they remain unrebutted and no contrary material or further lender inquiry exists. Continued non-repayment of interest-free loans may be explained by the borrower's health and financial difficulties. Restoration to lower authorities is unnecessary where the existing record contains all material needed to decide the addition and no further factual inquiry or evidence is required. Case-Laws Income Tax Mon, 21 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800011