https://www.taxtmi.com/caselaws?id=781268 ITAT (Ahmedabad) allowed the appeal, setting aside the addition under section 68 read with section 115BBE. The Tribunal found the assessee had proved identity, genuineness and creditworthiness of the lender, transactions were routed through banking channels, and the source of cash credit was satisfactorily explained. In absence of contrary evidence from the Revenue, the addition sustained by the CIT(A) was deleted. en-us Fri, 10 Oct 2025 00:00:00 +0530 Wed, 12 Nov 2025 11:46:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781268 ITAT (Ahmedabad) allowed the appeal, setting aside the addition under section 68 read with section 115BBE. The Tribunal found the assessee had proved identity, genuineness and creditworthiness of the lender, transactions were routed through banking channels, and the source of cash credit was satisfactorily explained. In absence of contrary evidence from the Revenue, the addition sustained by the CIT(A) was deleted. Case-Laws Income Tax Fri, 10 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781268