https://www.taxtmi.com/caselaws?id=443817 The High Court upheld the Tribunal's decision to give the assessee another chance to prove the creditors' identity for unsecured loans received. The Court emphasized the importance of establishing creditor identity as a primary requirement under section 68 of the Income Tax Act. Since the Tribunal's decision was supported by factual findings and legal principles, the appeal was dismissed, as no substantial question of law arose regarding the assessment of unexplained cash credit. en-us Mon, 28 Aug 2023 00:00:00 +0530 Thu, 26 Feb 2026 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443817 The High Court upheld the Tribunal's decision to give the assessee another chance to prove the creditors' identity for unsecured loans received. The Court emphasized the importance of establishing creditor identity as a primary requirement under section 68 of the Income Tax Act. Since the Tribunal's decision was supported by factual findings and legal principles, the appeal was dismissed, as no substantial question of law arose regarding the assessment of unexplained cash credit. Case-Laws Income Tax Mon, 28 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443817