https://www.taxtmi.com/highlights?id=60238 Addition u/s 68 - unexplained cash credits - Addition on account of loans received - it is clear that the onus required to be discharged with respect to identity, genuineness and creditworthiness was duly discharged by the assessee and moreso the transaction is part of the regular overdraft account maintained by the assessee with the society. - CIT(A) rightly deleted the additions - AT en-us Mon, 25 Oct 2021 18:32:57 +0530 Mon, 25 Oct 2021 18:32:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60238 Addition u/s 68 - unexplained cash credits - Addition on account of loans received - it is clear that the onus required to be discharged with respect to identity, genuineness and creditworthiness was duly discharged by the assessee and moreso the transaction is part of the regular overdraft account maintained by the assessee with the society. - CIT(A) rightly deleted the additions - AT Highlights Income Tax Mon, 25 Oct 2021 18:32:57 +0530 https://www.taxtmi.com/highlights?id=60238