https://www.taxtmi.com/highlights?id=94819 ITAT allowed the assessee's appeal and deleted the addition made u/s 68 in respect of an outstanding credit standing in the name of the creditor-company. The Tribunal held that a clerical variation in spelling of the creditor's name in the ledger could not override unimpeached documentary evidence, including PAN, ROC records, audited financials, confirmations and past ITAT orders, which conclusively established the creditor's identity and existence. The genuineness of the transaction and creditworthiness were accepted on the basis of a complete, unrebutted banking trail showing receipt and subsequent repayment through the same account. Non-materialisation of the underlying commercial transaction and non-appearance to summons were held legally inconsequential. en-us Sat, 06 Dec 2025 08:46:10 +0530 Sat, 06 Dec 2025 08:46:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94819 ITAT allowed the assessee's appeal and deleted the addition made u/s 68 in respect of an outstanding credit standing in the name of the creditor-company. The Tribunal held that a clerical variation in spelling of the creditor's name in the ledger could not override unimpeached documentary evidence, including PAN, ROC records, audited financials, confirmations and past ITAT orders, which conclusively established the creditor's identity and existence. The genuineness of the transaction and creditworthiness were accepted on the basis of a complete, unrebutted banking trail showing receipt and subsequent repayment through the same account. Non-materialisation of the underlying commercial transaction and non-appearance to summons were held legally inconsequential. Highlights Income Tax Sat, 06 Dec 2025 08:46:10 +0530 https://www.taxtmi.com/highlights?id=94819