https://www.taxtmi.com/caselaws?id=432924 Addition under s.69B for alleged unexplained investment based on materials found during survey/search was challenged on the ground that the identity, genuineness, and creditworthiness of the transactions were not proved. The HC held that in enquiries under s.133(6) and in two remand reports called by CIT(A), the AO did not dispute identity or genuineness and only questioned creditworthiness; since the assessee produced supporting documents before CIT(A) and all transactions were through banking channels, there was no basis to doubt creditworthiness. No substantial question of law arose; the revenue's questions were not entertained and the concurrent deletion stood. en-us Mon, 02 Jan 2023 00:00:00 +0530 Wed, 31 Dec 2025 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432924 Addition under s.69B for alleged unexplained investment based on materials found during survey/search was challenged on the ground that the identity, genuineness, and creditworthiness of the transactions were not proved. The HC held that in enquiries under s.133(6) and in two remand reports called by CIT(A), the AO did not dispute identity or genuineness and only questioned creditworthiness; since the assessee produced supporting documents before CIT(A) and all transactions were through banking channels, there was no basis to doubt creditworthiness. No substantial question of law arose; the revenue's questions were not entertained and the concurrent deletion stood. Case-Laws Income Tax Mon, 02 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432924