https://www.taxtmi.com/caselaws?id=782880 ITAT Guwahati allowed the assessee's appeal and deleted the addition made u/s 68 towards alleged unexplained and bogus cash credits. The Tribunal held that the AO's addition was founded solely on suspicion, generic third-party allegations, FIU alerts, and Investigation Wing references, constituting mere borrowed satisfaction without independent application of mind to the assessee's facts. It found that neither adverse material nor cash trail or rotation of funds relating to the assessee was brought on record, and that no enquiry was conducted into the evidences furnished. Reliance on untested statements and undisclosed material, without affording cross-examination, was held to violate the principles of natural justice. en-us Tue, 02 Dec 2025 00:00:00 +0530 Fri, 05 Dec 2025 08:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782880 ITAT Guwahati allowed the assessee's appeal and deleted the addition made u/s 68 towards alleged unexplained and bogus cash credits. The Tribunal held that the AO's addition was founded solely on suspicion, generic third-party allegations, FIU alerts, and Investigation Wing references, constituting mere borrowed satisfaction without independent application of mind to the assessee's facts. It found that neither adverse material nor cash trail or rotation of funds relating to the assessee was brought on record, and that no enquiry was conducted into the evidences furnished. Reliance on untested statements and undisclosed material, without affording cross-examination, was held to violate the principles of natural justice. Case-Laws Income Tax Tue, 02 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782880