https://www.taxtmi.com/highlights?id=66294 Addition u/s 68 - Once the Books of Accounts and the facts reflected therein showed the source of the fund and the identity of the party and the aspect that Books of Accounts of the assessee also reflected the receipt and the amount was repaid by the assessee, it was not open to the AO to raise doubts about the creditworthiness of the creditor. AO ignored the relevant material - No additions - HC en-us Tue, 01 Nov 2022 13:20:28 +0530 Tue, 01 Nov 2022 13:20:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66294 Addition u/s 68 - Once the Books of Accounts and the facts reflected therein showed the source of the fund and the identity of the party and the aspect that Books of Accounts of the assessee also reflected the receipt and the amount was repaid by the assessee, it was not open to the AO to raise doubts about the creditworthiness of the creditor. AO ignored the relevant material - No additions - HC Highlights Income Tax Tue, 01 Nov 2022 13:20:28 +0530 https://www.taxtmi.com/highlights?id=66294