https://www.taxtmi.com/highlights?id=60166 Addition u/s 68 - unsecured loan - unexplained cash credit - the assessee has discharged the primary onus by proving the identity of the creditor, genuineness of the transaction as well as the creditworthiness of the creditors. The loan so obtained was not only reflected in the respective books of account and also bank statements - We are of the view that Commissioner (Appeals) was justified in deleting the addition made by the AO. - AT en-us Tue, 19 Oct 2021 13:59:35 +0530 Tue, 19 Oct 2021 13:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60166 Addition u/s 68 - unsecured loan - unexplained cash credit - the assessee has discharged the primary onus by proving the identity of the creditor, genuineness of the transaction as well as the creditworthiness of the creditors. The loan so obtained was not only reflected in the respective books of account and also bank statements - We are of the view that Commissioner (Appeals) was justified in deleting the addition made by the AO. - AT Highlights Income Tax Tue, 19 Oct 2021 13:59:35 +0530 https://www.taxtmi.com/highlights?id=60166