https://www.taxtmi.com/highlights?id=58282 Unexplained cash credit u/s 68 - AO was free to make the necessary enquiry and addition under section 68 in the hands of the recipient were unjustified. Furthermore, assessee has also paid interest to the lenders. It has also deducted tax at source. Loan have been duly repaid, some part has been repaid even in the present assessment year. In these circumstances, in our considered opinion assessee has discharged the onus. - AT en-us Mon, 07 Jun 2021 17:42:53 +0530 Mon, 07 Jun 2021 17:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58282 Unexplained cash credit u/s 68 - AO was free to make the necessary enquiry and addition under section 68 in the hands of the recipient were unjustified. Furthermore, assessee has also paid interest to the lenders. It has also deducted tax at source. Loan have been duly repaid, some part has been repaid even in the present assessment year. In these circumstances, in our considered opinion assessee has discharged the onus. - AT Highlights Income Tax Mon, 07 Jun 2021 17:42:53 +0530 https://www.taxtmi.com/highlights?id=58282