https://www.taxtmi.com/caselaws?id=801124 Completed assessments under Section 153A permit additions only where incriminating material is found during the search. Statements or information obtained through post-search collateral enquiries cannot replace that jurisdictional requirement, particularly where a loan was already disclosed in the books and balance sheet. An unsecured loan is not liable to addition as unexplained cash credit where confirmation, PAN, tax return records, audited financial statements and bank evidence establish the lender's identity, creditworthiness and the transaction's genuineness. Banking-channel repayment and interest payments with tax deduction further support the disclosed loan. en-us Wed, 09 Sep 2026 00:00:00 +0530 Thu, 15 Oct 2026 16:05:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801124 Completed assessments under Section 153A permit additions only where incriminating material is found during the search. Statements or information obtained through post-search collateral enquiries cannot replace that jurisdictional requirement, particularly where a loan was already disclosed in the books and balance sheet. An unsecured loan is not liable to addition as unexplained cash credit where confirmation, PAN, tax return records, audited financial statements and bank evidence establish the lender's identity, creditworthiness and the transaction's genuineness. Banking-channel repayment and interest payments with tax deduction further support the disclosed loan. Case-Laws Income Tax Wed, 09 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801124