https://www.taxtmi.com/caselaws?id=782954 The ITAT Pune allowed the assessee's appeal, deleting the addition under s.68. The Tribunal held that the assessee had satisfactorily established the nature and source of the loan of Rs. 1.62 crores received from Lender A. In response to notice under s.133(6), Lender A confirmed the loan and produced bank statements showing the flow of funds originating from vendors of the land through intervening parties. Holding that identity, creditworthiness, and genuineness of the transaction were duly proved, the ITAT set aside the order of CIT(A)/NFAC. en-us Wed, 03 Dec 2025 00:00:00 +0530 Sat, 06 Dec 2025 08:46:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782954 The ITAT Pune allowed the assessee's appeal, deleting the addition under s.68. The Tribunal held that the assessee had satisfactorily established the nature and source of the loan of Rs. 1.62 crores received from Lender A. In response to notice under s.133(6), Lender A confirmed the loan and produced bank statements showing the flow of funds originating from vendors of the land through intervening parties. Holding that identity, creditworthiness, and genuineness of the transaction were duly proved, the ITAT set aside the order of CIT(A)/NFAC. Case-Laws Income Tax Wed, 03 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782954