https://www.taxtmi.com/caselaws?id=778166 ITAT Mumbai (AT) held that under s.68 the assessee satisfactorily proved the creditor's identity, capacity and genuineness of the loan by banking evidence, interest/TDS compliance and timely repayment, shifting the onus to the Revenue. The Revenue failed to produce cogent contrary material or specific adverse inferences. The addition under s.68 was unsustainable and deleted; the assessee's appeal was allowed. en-us Tue, 09 Sep 2025 00:00:00 +0530 Wed, 10 Sep 2025 15:42:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778166 ITAT Mumbai (AT) held that under s.68 the assessee satisfactorily proved the creditor's identity, capacity and genuineness of the loan by banking evidence, interest/TDS compliance and timely repayment, shifting the onus to the Revenue. The Revenue failed to produce cogent contrary material or specific adverse inferences. The addition under s.68 was unsustainable and deleted; the assessee's appeal was allowed. Case-Laws Income Tax Tue, 09 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778166