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of <h1>Unsecured loan cash credits and s.68 proof of identity, creditworthiness, genuineness-petition dismissed; deletion of additions upheld.</h1> In a challenge to deletion of additions for unexplained cash credits/unsecured loans under s.68 of the Income-tax Act, the SC considered whether the ... Unexplained cash credits u/s 68 - unexplained unsecured loans - Onus to prove - substantial question of law OR fact - HC [2024 (8) TMI 1372 - MADHYA PRADESH HIGH COURT] confirmed ITAT setting aside the order of the CIT(A) which upheld the addition - HELD THAT:- Having heard learned counsel for the petitioner, we are not satisfied that it is a fit case to exercise our discretion under Article 136 of the Constitution of India. The present petition is, accordingly, dismissed. Delay was condoned. After hearing counsel for the petitioner, the Court declined to grant special leave, holding: 'we are not satisfied that it is a fit case to exercise our discretion under Article 136 of the Constitution of India.' On that basis, the petition was dismissed. Any pending application(s) were disposed of as a consequence of the dismissal.
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