https://www.taxtmi.com/caselaws?id=462079 ITAT Raipur upheld CIT(A)'s decision treating unsecured loans from three parties as unexplained cash credits under section 68. The assessee failed to prove identity and creditworthiness of lenders and genuineness of transactions. The tribunal found no infirmity in CIT(A)'s well-reasoned order confirming the addition as unexplained cash credits, deciding against the assessee. en-us Thu, 11 May 2023 00:00:00 +0530 Wed, 21 May 2025 13:27:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462079 ITAT Raipur upheld CIT(A)'s decision treating unsecured loans from three parties as unexplained cash credits under section 68. The assessee failed to prove identity and creditworthiness of lenders and genuineness of transactions. The tribunal found no infirmity in CIT(A)'s well-reasoned order confirming the addition as unexplained cash credits, deciding against the assessee. Case-Laws Income Tax Thu, 11 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462079