https://www.taxtmi.com/highlights?id=61236 Unexplained money u/s 69A - Unexplained loan - the loan creditors had deposited cash in their accounts and mostly on the very same day they had transferred the same to the assessee’s bank account - there were no significant bank transactions in the bank accounts of the loan creditors. Needless to mention that banking transaction alone will not make the transactions to be genuine. - From the above it is crystal clear that the creditworthiness of the loan creditors is not established. - AT en-us Sat, 01 Jan 2022 16:21:57 +0530 Sat, 01 Jan 2022 16:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61236 Unexplained money u/s 69A - Unexplained loan - the loan creditors had deposited cash in their accounts and mostly on the very same day they had transferred the same to the assessee’s bank account - there were no significant bank transactions in the bank accounts of the loan creditors. Needless to mention that banking transaction alone will not make the transactions to be genuine. - From the above it is crystal clear that the creditworthiness of the loan creditors is not established. - AT Highlights Income Tax Sat, 01 Jan 2022 16:21:57 +0530 https://www.taxtmi.com/highlights?id=61236