https://www.taxtmi.com/caselaws?id=771586 ITAT Kolkata allowed the assessee's appeal against unexplained cash credit addition u/s 68. The assessee raised share capital/premium from 7 entities who provided complete details to AO, though CIT(A) failed to consider these. ITAT found the investors were sister concerns/related parties with sufficient resources, money was raised for genuine reasons as margin money for bank loan conditions. The tribunal was satisfied that assessee proved identity, creditworthiness of investors and genuineness of transactions, directing AO to delete the addition. en-us Tue, 25 Mar 2025 00:00:00 +0530 Tue, 27 May 2025 14:27:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771586 ITAT Kolkata allowed the assessee's appeal against unexplained cash credit addition u/s 68. The assessee raised share capital/premium from 7 entities who provided complete details to AO, though CIT(A) failed to consider these. ITAT found the investors were sister concerns/related parties with sufficient resources, money was raised for genuine reasons as margin money for bank loan conditions. The tribunal was satisfied that assessee proved identity, creditworthiness of investors and genuineness of transactions, directing AO to delete the addition. Case-Laws Income Tax Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771586