https://www.taxtmi.com/caselaws?id=374988 The Tribunal deleted additions made under section 68 of the Income Tax Act for unexplained cash credit for the Assessment Year 2013-14, as the identity and creditworthiness of certain creditors were established by the assessee. Legal precedents emphasized the burden of proof on the assessee but cautioned against adverse inferences solely based on non-appearance of creditors. While some loans were accepted as genuine, the issue of loans from specific creditors with address-related service problems was remanded for further assessment by the Assessing Officer. en-us Fri, 24 Aug 2018 00:00:00 +0530 Wed, 13 Feb 2019 06:08:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374988 The Tribunal deleted additions made under section 68 of the Income Tax Act for unexplained cash credit for the Assessment Year 2013-14, as the identity and creditworthiness of certain creditors were established by the assessee. Legal precedents emphasized the burden of proof on the assessee but cautioned against adverse inferences solely based on non-appearance of creditors. While some loans were accepted as genuine, the issue of loans from specific creditors with address-related service problems was remanded for further assessment by the Assessing Officer. Case-Laws Income Tax Fri, 24 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374988