https://www.taxtmi.com/caselaws?id=778070 ITAT held that the assessee proved creditworthiness for loans totaling Rs.70,00,000, but failed to substantiate the remaining Rs.35,00,000. The tribunal interpreted AO's remarks individually and deleted additions to the extent of Rs.70,00,000 while confirming an addition of Rs.35,00,000 because the assessee could not establish creditworthiness of one individual creditor and did not furnish PAN/details and supporting documents for one creditor entity. The appeal was thus partly allowed. en-us Wed, 15 Jan 2025 00:00:00 +0530 Wed, 10 Sep 2025 08:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778070 ITAT held that the assessee proved creditworthiness for loans totaling Rs.70,00,000, but failed to substantiate the remaining Rs.35,00,000. The tribunal interpreted AO's remarks individually and deleted additions to the extent of Rs.70,00,000 while confirming an addition of Rs.35,00,000 because the assessee could not establish creditworthiness of one individual creditor and did not furnish PAN/details and supporting documents for one creditor entity. The appeal was thus partly allowed. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778070