https://www.taxtmi.com/caselaws?id=772964 The SC/Tribunal partially allowed the tax appeal, deleting Rs. 2 crores in unsecured loan additions where cheques were dishonoured. The remaining Rs. 2,99,49,080/- was remanded to the Assessing Officer for fresh verification of loan creditors. The decision emphasized the assessee's burden to prove loan genuineness under section 68 of the Income Tax Act, 1961, balancing procedural fairness with tax compliance requirements. en-us Wed, 23 Apr 2025 00:00:00 +0530 Mon, 16 Jun 2025 08:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772964 The SC/Tribunal partially allowed the tax appeal, deleting Rs. 2 crores in unsecured loan additions where cheques were dishonoured. The remaining Rs. 2,99,49,080/- was remanded to the Assessing Officer for fresh verification of loan creditors. The decision emphasized the assessee's burden to prove loan genuineness under section 68 of the Income Tax Act, 1961, balancing procedural fairness with tax compliance requirements. Case-Laws Income Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772964