https://www.taxtmi.com/caselaws?id=472407 Section 68 additions for an unsecured loan and a sundry creditor were deleted because the evidentiary record established the requisite identity, creditworthiness and genuineness. Confirmations, lender bank statements, income-tax returns, statements of affairs and other supporting records substantiated the unsecured loan. The sundry creditor arose from director remuneration offered to tax by the recipient, and supporting material established its genuineness. As the evidence and findings remained uncontroverted, no basis remained for sustaining either addition. en-us Tue, 22 Apr 2025 00:00:00 +0530 Sat, 10 Oct 2026 14:49:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472407 Section 68 additions for an unsecured loan and a sundry creditor were deleted because the evidentiary record established the requisite identity, creditworthiness and genuineness. Confirmations, lender bank statements, income-tax returns, statements of affairs and other supporting records substantiated the unsecured loan. The sundry creditor arose from director remuneration offered to tax by the recipient, and supporting material established its genuineness. As the evidence and findings remained uncontroverted, no basis remained for sustaining either addition. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472407