https://www.taxtmi.com/caselaws?id=473160 Section 68 treatment of an unexplained loan turned on bank records showing that the funds were received and transferred out on the same day. No evidence supported the allegation that the funds belonged to the assessee or represented an accommodation entry, and the loan addition was deleted. Additions had also been made in the lender's assessment, while the related assessment and appellate orders were revenue records that did not require inquiry as fresh evidence. en-us Tue, 29 Apr 2025 00:00:00 +0530 Thu, 05 Nov 2026 18:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=473160 Section 68 treatment of an unexplained loan turned on bank records showing that the funds were received and transferred out on the same day. No evidence supported the allegation that the funds belonged to the assessee or represented an accommodation entry, and the loan addition was deleted. Additions had also been made in the lender's assessment, while the related assessment and appellate orders were revenue records that did not require inquiry as fresh evidence. Case-Laws Income Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=473160