https://www.taxtmi.com/caselaws?id=779430 ITAT DELHI - AT upheld the CIT(A)'s deletion of additions under s.68 and related interest, finding the AO failed to produce contrary evidence to rebut documentary proof of identity, creditworthiness and genuineness of creditors. The tribunal agreed that low return of income or pre-deposit bank entries did not suffice to shift the burden back to the taxpayer. Revenue's grounds were rejected and the assessee was held to have discharged the onus under s.68. en-us Tue, 30 Sep 2025 00:00:00 +0530 Mon, 06 Oct 2025 09:10:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779430 ITAT DELHI - AT upheld the CIT(A)'s deletion of additions under s.68 and related interest, finding the AO failed to produce contrary evidence to rebut documentary proof of identity, creditworthiness and genuineness of creditors. The tribunal agreed that low return of income or pre-deposit bank entries did not suffice to shift the burden back to the taxpayer. Revenue's grounds were rejected and the assessee was held to have discharged the onus under s.68. Case-Laws Income Tax Tue, 30 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779430