https://www.taxtmi.com/caselaws?id=780005 ITAT Mumbai allowed the appeal, reversing additions under section 68 read with section 115BBE. The tribunal found the assessee satisfactorily established identity, genuineness and creditworthiness of lenders by PANs, ledger confirmations, ITRs, bank statements and balance sheets, and showed subsequent repayment of loans with interest; TDS was deducted and accepted for most transactions. Given these facts, and consistent precedent that proven lender identity and repayment preclude a section 68 addition, the disallowance was deleted. en-us Thu, 09 Oct 2025 00:00:00 +0530 Thu, 16 Oct 2025 08:31:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780005 ITAT Mumbai allowed the appeal, reversing additions under section 68 read with section 115BBE. The tribunal found the assessee satisfactorily established identity, genuineness and creditworthiness of lenders by PANs, ledger confirmations, ITRs, bank statements and balance sheets, and showed subsequent repayment of loans with interest; TDS was deducted and accepted for most transactions. Given these facts, and consistent precedent that proven lender identity and repayment preclude a section 68 addition, the disallowance was deleted. Case-Laws Income Tax Thu, 09 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780005