https://www.taxtmi.com/caselaws?id=781171 ITAT upheld the CIT(A)'s deletion of an addition under s.68, finding the assessee had discharged the onus to prove identity, creditworthiness of lenders and genuineness of unsecured loans. The AO did not point out defects or conduct further investigation, and the loans were repaid in the year and the subsequent year. Revenue's appeal was dismissed and the addition by the AO was held unsustainable. en-us Wed, 08 Oct 2025 00:00:00 +0530 Tue, 11 Nov 2025 10:00:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781171 ITAT upheld the CIT(A)'s deletion of an addition under s.68, finding the assessee had discharged the onus to prove identity, creditworthiness of lenders and genuineness of unsecured loans. The AO did not point out defects or conduct further investigation, and the loans were repaid in the year and the subsequent year. Revenue's appeal was dismissed and the addition by the AO was held unsustainable. Case-Laws Income Tax Wed, 08 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781171