https://www.taxtmi.com/caselaws?id=472445 Unsecured loans supported by lender confirmations, audited accounts, corporate records, bank statements, ledger accounts, interest-payment details and tax deduction evidence may satisfy the requirements for proving lender identity, creditworthiness and transaction genuineness. Compliance by creditors with statutory information notices and subsequent repayment of loans with interest further supports the evidentiary record. Where the revenue does not identify defects in this documentation, establish that the lenders or transactions are accommodation entries, or undertake effective further enquiry, an addition for unexplained cash credits under Section 68 is unsustainable. en-us Fri, 06 Mar 2026 00:00:00 +0530 Tue, 13 Oct 2026 04:47:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472445 Unsecured loans supported by lender confirmations, audited accounts, corporate records, bank statements, ledger accounts, interest-payment details and tax deduction evidence may satisfy the requirements for proving lender identity, creditworthiness and transaction genuineness. Compliance by creditors with statutory information notices and subsequent repayment of loans with interest further supports the evidentiary record. Where the revenue does not identify defects in this documentation, establish that the lenders or transactions are accommodation entries, or undertake effective further enquiry, an addition for unexplained cash credits under Section 68 is unsustainable. Case-Laws Income Tax Fri, 06 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472445