https://www.taxtmi.com/caselaws?id=273711 The ITAT Mumbai allowed the appeal in part, overturning the addition of Rs. 10,00,000 treated as unexplained cash credit under sections 68/69A of the Income Tax Act. The tribunal found the appellant provided sufficient evidence establishing the genuineness and legitimacy of the loan, including repayment through cheques, leading to the rejection of the AO's addition based on accommodation entries. en-us Wed, 15 Nov 2017 00:00:00 +0530 Wed, 11 Jul 2018 06:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273711 The ITAT Mumbai allowed the appeal in part, overturning the addition of Rs. 10,00,000 treated as unexplained cash credit under sections 68/69A of the Income Tax Act. The tribunal found the appellant provided sufficient evidence establishing the genuineness and legitimacy of the loan, including repayment through cheques, leading to the rejection of the AO's addition based on accommodation entries. Case-Laws Income Tax Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273711