https://www.taxtmi.com/caselaws?id=780623 ITAT, Mumbai - AT dismissed the revenue's appeal and upheld CIT(A)'s order. The tribunal held the assessee validly treated net interest as income from other sources and allowable expenses under s.57, finding no breach of consistency by the AO and no justification for the addition under s.36(1)(iii). Concerning unexplained cash credits under s.68, the assessee's additional evidence admitted by CIT(A) established identity, creditworthiness and genuineness of loans; the onus was discharged and the s.68 additions were deleted. en-us Thu, 30 Oct 2025 00:00:00 +0530 Mon, 03 Nov 2025 08:13:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780623 ITAT, Mumbai - AT dismissed the revenue's appeal and upheld CIT(A)'s order. The tribunal held the assessee validly treated net interest as income from other sources and allowable expenses under s.57, finding no breach of consistency by the AO and no justification for the addition under s.36(1)(iii). Concerning unexplained cash credits under s.68, the assessee's additional evidence admitted by CIT(A) established identity, creditworthiness and genuineness of loans; the onus was discharged and the s.68 additions were deleted. Case-Laws Income Tax Thu, 30 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780623