https://www.taxtmi.com/caselaws?id=801167 Loan credits are satisfactorily explained under section 68 when lender identity, prima facie financial capacity and transaction genuineness are supported by confirmation, identifiable bank transfers, financial records and repayment material. General, untested allegations concerning a lender's activities do not rebut transaction-specific evidence without inquiry or material linking the credit to an accommodation entry. Section 69C cannot support an inferred commission addition without proof that expenditure was actually incurred and its source remains unexplained. Interest disallowance cannot rest solely on an unexplained-loan premise that fails, particularly where no separate interest deduction is claimed under the presumptive scheme in section 44ADA. en-us Tue, 29 Sep 2026 00:00:00 +0530 Fri, 16 Oct 2026 05:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801167 Loan credits are satisfactorily explained under section 68 when lender identity, prima facie financial capacity and transaction genuineness are supported by confirmation, identifiable bank transfers, financial records and repayment material. General, untested allegations concerning a lender's activities do not rebut transaction-specific evidence without inquiry or material linking the credit to an accommodation entry. Section 69C cannot support an inferred commission addition without proof that expenditure was actually incurred and its source remains unexplained. Interest disallowance cannot rest solely on an unexplained-loan premise that fails, particularly where no separate interest deduction is claimed under the presumptive scheme in section 44ADA. Case-Laws Income Tax Tue, 29 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801167