https://www.taxtmi.com/caselaws?id=180146 The appeal was related to the addition made by the Assessing Officer on account of unexplained cash credit u/s 68 and interest. The CIT(A) ruled in favor of the assessee, stating that they had fulfilled the onus of proving the identity, genuineness, and creditworthiness of most lenders. The loans were received through cheques, and the balance sheets of lenders supported the transactions. The Revenue's appeal was dismissed as they did not provide any material to challenge the CIT(A)'s decision, and legal precedents were cited to support the deletion of the addition. en-us Fri, 10 May 2013 00:00:00 +0530 Thu, 17 Mar 2016 17:52:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180146 The appeal was related to the addition made by the Assessing Officer on account of unexplained cash credit u/s 68 and interest. The CIT(A) ruled in favor of the assessee, stating that they had fulfilled the onus of proving the identity, genuineness, and creditworthiness of most lenders. The loans were received through cheques, and the balance sheets of lenders supported the transactions. The Revenue's appeal was dismissed as they did not provide any material to challenge the CIT(A)'s decision, and legal precedents were cited to support the deletion of the addition. Case-Laws Income Tax Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180146