https://www.taxtmi.com/caselaws?id=800722 Documentary proof of lenders' identity, creditworthiness and transaction genuineness through corporate records, confirmations, bank statements and repayment evidence shifts the burden to Revenue; suspicion without contrary material cannot sustain cash-credit additions or consequential interest disallowance. Contractual expenditure supported by records and banking payments cannot be disallowed on an ad hoc basis without identified defects or rejection of books. Third-party search material must be assessed through the special search procedure on the required satisfaction, rather than general reassessment. Buyback receipts remain exempt to shareholders where company-level buyback tax applies, and a capital-gains computation mechanism cannot impose a charge. Recorded and explained cash is outside unexplained-money provisions; cash-loan penalties require proof of the prohibited transaction and a specific notice. en-us Thu, 01 Oct 2026 00:00:00 +0530 Sat, 10 Oct 2026 08:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800722 Documentary proof of lenders' identity, creditworthiness and transaction genuineness through corporate records, confirmations, bank statements and repayment evidence shifts the burden to Revenue; suspicion without contrary material cannot sustain cash-credit additions or consequential interest disallowance. Contractual expenditure supported by records and banking payments cannot be disallowed on an ad hoc basis without identified defects or rejection of books. Third-party search material must be assessed through the special search procedure on the required satisfaction, rather than general reassessment. Buyback receipts remain exempt to shareholders where company-level buyback tax applies, and a capital-gains computation mechanism cannot impose a charge. Recorded and explained cash is outside unexplained-money provisions; cash-loan penalties require proof of the prohibited transaction and a specific notice. Case-Laws Income Tax Thu, 01 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800722