https://www.taxtmi.com/caselaws?id=769121 The ITAT Delhi dismissed the Revenue's appeal challenging deletion of addition u/s 68 for unexplained cash credit. Despite AO's finding that the lending company was non-existent at the provided address, the Tribunal upheld CIT(A)'s decision favoring the assessee. The assessee successfully established the identity, creditworthiness, and genuineness of unsecured loan transactions through banking channels, with repayment completed within three months. Following the precedent in Signature Global India Pvt. Ltd., the Tribunal found no grounds to disturb the CIT(A)'s findings. en-us Wed, 16 Apr 2025 00:00:00 +0530 Sat, 19 Apr 2025 08:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769121 The ITAT Delhi dismissed the Revenue's appeal challenging deletion of addition u/s 68 for unexplained cash credit. Despite AO's finding that the lending company was non-existent at the provided address, the Tribunal upheld CIT(A)'s decision favoring the assessee. The assessee successfully established the identity, creditworthiness, and genuineness of unsecured loan transactions through banking channels, with repayment completed within three months. Following the precedent in Signature Global India Pvt. Ltd., the Tribunal found no grounds to disturb the CIT(A)'s findings. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769121