https://www.taxtmi.com/caselaws?id=388061 The court dismissed the appeal due to a delay in filing and lack of merit in the reasons provided. Unsecured loans received were deemed unexplained cash credits for one assessment year and partially allowed for another. The introduction of new evidence was rejected for not complying with procedural requirements. The burden of proof under Section 68 of the Income Tax Act was not met, leading to the dismissal of the appeal for failure to substantiate the legitimacy of the loans and the lender's creditworthiness. en-us Thu, 24 Oct 2019 00:00:00 +0530 Thu, 07 Nov 2019 06:12:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388061 The court dismissed the appeal due to a delay in filing and lack of merit in the reasons provided. Unsecured loans received were deemed unexplained cash credits for one assessment year and partially allowed for another. The introduction of new evidence was rejected for not complying with procedural requirements. The burden of proof under Section 68 of the Income Tax Act was not met, leading to the dismissal of the appeal for failure to substantiate the legitimacy of the loans and the lender's creditworthiness. Case-Laws Income Tax Thu, 24 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388061