https://www.taxtmi.com/caselaws?id=310116 The appeal of the Revenue was dismissed, and the additions made on account of loans received by the assessee were deleted. The Tribunal concluded that the assessee had discharged the onus of proving the identity, genuineness, and creditworthiness of the creditors, and the Revenue failed to conduct necessary inquiries to substantiate the addition under Section 68. The applicability of Section 115BBE was deemed irrelevant for the assessment year in question. en-us Fri, 12 Jul 2019 00:00:00 +0530 Sat, 07 Oct 2023 08:32:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310116 The appeal of the Revenue was dismissed, and the additions made on account of loans received by the assessee were deleted. The Tribunal concluded that the assessee had discharged the onus of proving the identity, genuineness, and creditworthiness of the creditors, and the Revenue failed to conduct necessary inquiries to substantiate the addition under Section 68. The applicability of Section 115BBE was deemed irrelevant for the assessment year in question. Case-Laws Income Tax Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310116