https://www.taxtmi.com/highlights?id=66291 Unexplained credit u/s 68 - unsecured loans received by the assessee - The assessee has duly proved not only the identity, creditworthiness of the lender company but also the genuineness of the transaction by way of demonstrating about the running account of the assessee with the said company and that the total loan liability of the assessee company during the year being decreased. - Additions deleted - AT en-us Tue, 01 Nov 2022 12:50:10 +0530 Tue, 01 Nov 2022 12:50:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66291 Unexplained credit u/s 68 - unsecured loans received by the assessee - The assessee has duly proved not only the identity, creditworthiness of the lender company but also the genuineness of the transaction by way of demonstrating about the running account of the assessee with the said company and that the total loan liability of the assessee company during the year being decreased. - Additions deleted - AT Highlights Income Tax Tue, 01 Nov 2022 12:50:10 +0530 https://www.taxtmi.com/highlights?id=66291