https://www.taxtmi.com/caselaws?id=779123 ITAT MUMBAI - AT upheld the deletion of additions under s.68 and related commission, dismissing the Revenue's appeal. The tribunal found the assessee sufficiently discharged the onus under s.68 by furnishing identity, creditworthiness and genuineness of transactions (name/address, PAN, IT returns, financials and confirmations) for the creditor/unsecured lender; AO did not doubt the documents nor reject the books under s.145(3). Mere non-compliance with a notice to the creditor was insufficient to sustain the addition where primary documentary evidence vindicated the assessee. en-us Mon, 20 Jan 2025 00:00:00 +0530 Mon, 29 Sep 2025 08:27:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779123 ITAT MUMBAI - AT upheld the deletion of additions under s.68 and related commission, dismissing the Revenue's appeal. The tribunal found the assessee sufficiently discharged the onus under s.68 by furnishing identity, creditworthiness and genuineness of transactions (name/address, PAN, IT returns, financials and confirmations) for the creditor/unsecured lender; AO did not doubt the documents nor reject the books under s.145(3). Mere non-compliance with a notice to the creditor was insufficient to sustain the addition where primary documentary evidence vindicated the assessee. Case-Laws Income Tax Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779123