https://www.taxtmi.com/caselaws?id=778627 ITAT (Mumbai) dismissed the revenue's appeal and upheld the CIT(A)'s deletion of an addition under s.68. The tribunal found the assessee proved the lender's identity, creditworthiness and the genuineness of the unsecured loan, noting receipt and repayment with interest via banking channels. Accordingly, the assessee discharged the onus under s.68 and there was no reason to interfere with the appellate authority's decision. en-us Fri, 17 Jan 2025 00:00:00 +0530 Fri, 19 Sep 2025 08:33:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778627 ITAT (Mumbai) dismissed the revenue's appeal and upheld the CIT(A)'s deletion of an addition under s.68. The tribunal found the assessee proved the lender's identity, creditworthiness and the genuineness of the unsecured loan, noting receipt and repayment with interest via banking channels. Accordingly, the assessee discharged the onus under s.68 and there was no reason to interfere with the appellate authority's decision. Case-Laws Income Tax Fri, 17 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778627