https://www.taxtmi.com/caselaws?id=461453 ITAT Indore allowed the assessee's appeal regarding unexplained cash credits under section 68 and unexplained expenditure under section 69C for assessment years 2012-13 to 2017-18. The tribunal held that additions in completed assessment years under section 153A cannot be made without incriminating material found during search operations. The AO failed to provide copies of third-party statements and denied cross-examination opportunities to the assessee. The tribunal found the assessee successfully proved identity, genuineness, and creditworthiness of loan creditors, discharging its burden under section 68. All additions were deleted as unjustified. en-us Tue, 26 Apr 2022 00:00:00 +0530 Fri, 04 Apr 2025 18:52:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461453 ITAT Indore allowed the assessee's appeal regarding unexplained cash credits under section 68 and unexplained expenditure under section 69C for assessment years 2012-13 to 2017-18. The tribunal held that additions in completed assessment years under section 153A cannot be made without incriminating material found during search operations. The AO failed to provide copies of third-party statements and denied cross-examination opportunities to the assessee. The tribunal found the assessee successfully proved identity, genuineness, and creditworthiness of loan creditors, discharging its burden under section 68. All additions were deleted as unjustified. Case-Laws Income Tax Tue, 26 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461453