https://www.taxtmi.com/caselaws?id=779979 HC held the addition under section 68 prima facie unsustainable as it duplicated tax on amounts already offered as business income and ignored documents establishing identity, creditworthiness and genuineness. The court found a strong prima facie case, set aside the Revenue's rejection of the stay application, directed CIT(A) to decide the appeal expeditiously (preferably within six months), and stayed recovery of the demand of Rs. 272,20,53,053 plus interest until disposal of the appeal and for four weeks thereafter. No further proceedings on the addition shall be taken until then; observations are prima facie only. en-us Wed, 08 Oct 2025 00:00:00 +0530 Thu, 16 Oct 2025 08:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779979 HC held the addition under section 68 prima facie unsustainable as it duplicated tax on amounts already offered as business income and ignored documents establishing identity, creditworthiness and genuineness. The court found a strong prima facie case, set aside the Revenue's rejection of the stay application, directed CIT(A) to decide the appeal expeditiously (preferably within six months), and stayed recovery of the demand of Rs. 272,20,53,053 plus interest until disposal of the appeal and for four weeks thereafter. No further proceedings on the addition shall be taken until then; observations are prima facie only. Case-Laws Income Tax Wed, 08 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779979