https://www.taxtmi.com/caselaws?id=780295 ITAT AGRA - AT allowed the appeal, deleting additions under s.68 treating unsecured loans as unexplained credits. The Tribunal held the AO acted with a predetermined mind, ignored the assessee's submissions (PAN/Aadhaar, loan confirmations, bank statements, ITRs, repayment details) and failed to make further enquiries under ss.131/133(6). As the assessee had discharged the initial burden by proving identity, genuineness and creditworthiness and loans were routed and repaid through banking channels, the AO could not sustain the additions without independent investigation; appeal allowed. en-us Tue, 24 Jun 2025 00:00:00 +0530 Mon, 27 Oct 2025 14:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780295 ITAT AGRA - AT allowed the appeal, deleting additions under s.68 treating unsecured loans as unexplained credits. The Tribunal held the AO acted with a predetermined mind, ignored the assessee's submissions (PAN/Aadhaar, loan confirmations, bank statements, ITRs, repayment details) and failed to make further enquiries under ss.131/133(6). As the assessee had discharged the initial burden by proving identity, genuineness and creditworthiness and loans were routed and repaid through banking channels, the AO could not sustain the additions without independent investigation; appeal allowed. Case-Laws Income Tax Tue, 24 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780295