https://www.taxtmi.com/caselaws?id=269327 The High Court dismissed the appeal challenging the addition of an unexplained loan amount under Section 68 of the Income Tax Act. The Tribunal upheld the genuineness of the loan transactions based on detailed documentation provided by the assessee, including PAN card, loan agreements, and confirmations from the lender. The High Court affirmed the Tribunal's decision, finding no substantial question of law in establishing the lender's identity and creditworthiness, leading to the dismissal of the appeal. en-us Thu, 03 Dec 2015 00:00:00 +0530 Sat, 12 Dec 2015 13:09:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269327 The High Court dismissed the appeal challenging the addition of an unexplained loan amount under Section 68 of the Income Tax Act. The Tribunal upheld the genuineness of the loan transactions based on detailed documentation provided by the assessee, including PAN card, loan agreements, and confirmations from the lender. The High Court affirmed the Tribunal's decision, finding no substantial question of law in establishing the lender's identity and creditworthiness, leading to the dismissal of the appeal. Case-Laws Income Tax Thu, 03 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269327