https://www.taxtmi.com/caselaws?id=472157 Unsecured loan credits are not treated as unexplained cash credits where loan confirmations, lender PAN and tax-return records, audited financial statements, ledger accounts and bank statements establish the lender's identity, financial capacity and the genuineness of payments. Funds sourced from fixed-deposit maturity proceeds supported the lender's capacity, resulting in deletion of the loan addition. Sales commission expenditure requires confirmation from recipients and evidence of services rendered. In the absence of such substantiation, the commission disallowance remains, while the taxable computation excludes the unsecured-loan addition. en-us Thu, 17 Apr 2025 00:00:00 +0530 Thu, 01 Oct 2026 07:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472157 Unsecured loan credits are not treated as unexplained cash credits where loan confirmations, lender PAN and tax-return records, audited financial statements, ledger accounts and bank statements establish the lender's identity, financial capacity and the genuineness of payments. Funds sourced from fixed-deposit maturity proceeds supported the lender's capacity, resulting in deletion of the loan addition. Sales commission expenditure requires confirmation from recipients and evidence of services rendered. In the absence of such substantiation, the commission disallowance remains, while the taxable computation excludes the unsecured-loan addition. Case-Laws Income Tax Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472157