https://www.taxtmi.com/caselaws?id=772187 ITAT Ahmedabad held that no addition under Section 68 could be made for unexplained cash credits when the AO, in his remand report after issuing notices under Section 133(6), accepted the identity, creditworthiness and genuineness of loan creditors. The tribunal found no merit in Revenue's grounds, ruling that once the AO verified and accepted the three essential conditions for cash credit transactions through proper inquiry, the addition was not sustainable. en-us Fri, 11 Apr 2025 00:00:00 +0530 Thu, 05 Jun 2025 08:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772187 ITAT Ahmedabad held that no addition under Section 68 could be made for unexplained cash credits when the AO, in his remand report after issuing notices under Section 133(6), accepted the identity, creditworthiness and genuineness of loan creditors. The tribunal found no merit in Revenue's grounds, ruling that once the AO verified and accepted the three essential conditions for cash credit transactions through proper inquiry, the addition was not sustainable. Case-Laws Income Tax Fri, 11 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772187