https://www.taxtmi.com/caselaws?id=341895 The appeal in ITA No. 1427/Del/2016 was dismissed by the ITAT on 15.03.2017. The addition under section 68 of the Income Tax Act was upheld due to the assessee's failure to establish the identity, creditworthiness, and genuineness of the loan received from M/s Transnational Growth Fund Ltd. Despite arguments and documentation provided by the assessee, incriminating evidence regarding cash routing surfaced, leading to the dismissal of the appeal for lack of merit. en-us Wed, 15 Mar 2017 00:00:00 +0530 Thu, 20 Apr 2017 12:56:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341895 The appeal in ITA No. 1427/Del/2016 was dismissed by the ITAT on 15.03.2017. The addition under section 68 of the Income Tax Act was upheld due to the assessee's failure to establish the identity, creditworthiness, and genuineness of the loan received from M/s Transnational Growth Fund Ltd. Despite arguments and documentation provided by the assessee, incriminating evidence regarding cash routing surfaced, leading to the dismissal of the appeal for lack of merit. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341895