https://www.taxtmi.com/highlights?id=71259 Unexplained cash credits - Addition u/s 68 - Merely not filing the income tax return cannot debar the genuine transactions of the assessee in respect of this loans which have been repeated and in subsequent year the Revenue has accepted the same. The creditworthiness depends upon the act of both the parties and therefore, on merit as well the addition does not sustain - AT en-us Wed, 02 Aug 2023 13:26:32 +0530 Wed, 02 Aug 2023 13:26:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71259 Unexplained cash credits - Addition u/s 68 - Merely not filing the income tax return cannot debar the genuine transactions of the assessee in respect of this loans which have been repeated and in subsequent year the Revenue has accepted the same. The creditworthiness depends upon the act of both the parties and therefore, on merit as well the addition does not sustain - AT Highlights Income Tax Wed, 02 Aug 2023 13:26:32 +0530 https://www.taxtmi.com/highlights?id=71259