https://www.taxtmi.com/caselaws?id=472105 Section 68 of the Income-tax Act requires proof of a creditor's identity, transaction genuineness and creditworthiness. PAN details, confirmation, bank records and financial particulars may discharge the assessee's initial burden; the evidentiary burden then shifts to the Revenue to produce contrary material before an unsecured loan can be treated as unexplained cash credit. Agricultural receipts supported by labour-payment records, input bills and sale bills require factual verification where those materials were not examined by lower authorities. Such evidence may be admitted under Rule 29, with de novo examination needed to reconcile claimed receipts and computed income consistently with natural justice. en-us Wed, 16 Apr 2025 00:00:00 +0530 Wed, 30 Sep 2026 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472105 Section 68 of the Income-tax Act requires proof of a creditor's identity, transaction genuineness and creditworthiness. PAN details, confirmation, bank records and financial particulars may discharge the assessee's initial burden; the evidentiary burden then shifts to the Revenue to produce contrary material before an unsecured loan can be treated as unexplained cash credit. Agricultural receipts supported by labour-payment records, input bills and sale bills require factual verification where those materials were not examined by lower authorities. Such evidence may be admitted under Rule 29, with de novo examination needed to reconcile claimed receipts and computed income consistently with natural justice. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472105