https://www.taxtmi.com/caselaws?id=193973 The Tribunal allowed the appeal, setting aside the order of the CIT(A) Faridabad. The appellant, engaged in trading iron pipes, introduced unsecured loans with interest debited. The Assessing Officer suspected unaccounted money and added the loans to income. The CIT(A) partly allowed the appeal, admitting additional evidence. The burden of proof on genuineness and creditworthiness lies with the assessee. All documents proving genuineness were submitted, and loans were repaid via cheques. The appeal was allowed, emphasizing the importance of fulfilling the burden of proof. en-us Fri, 18 Mar 2016 00:00:00 +0530 Mon, 11 Sep 2017 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193973 The Tribunal allowed the appeal, setting aside the order of the CIT(A) Faridabad. The appellant, engaged in trading iron pipes, introduced unsecured loans with interest debited. The Assessing Officer suspected unaccounted money and added the loans to income. The CIT(A) partly allowed the appeal, admitting additional evidence. The burden of proof on genuineness and creditworthiness lies with the assessee. All documents proving genuineness were submitted, and loans were repaid via cheques. The appeal was allowed, emphasizing the importance of fulfilling the burden of proof. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193973