https://www.taxtmi.com/caselaws?id=783502 ITAT Mumbai upheld the order of CIT(A) deleting the addition made u/s 68 towards alleged unexplained cash credits arising from unsecured loans. The Tribunal noted that the AO had independently issued notices u/s 133(6) to the lenders, who duly confirmed the loan transactions and furnished requisite documentary evidence. Despite this, the AO ignored the confirmations, repayment evidence and banking records, and relied solely on the Investigation Wing's report to treat the loans as accommodation entries. Holding that the assessee had discharged its onus regarding identity, creditworthiness and genuineness, the ITAT dismissed the Revenue's appeal. en-us Fri, 12 Dec 2025 00:00:00 +0530 Wed, 17 Dec 2025 08:28:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783502 ITAT Mumbai upheld the order of CIT(A) deleting the addition made u/s 68 towards alleged unexplained cash credits arising from unsecured loans. The Tribunal noted that the AO had independently issued notices u/s 133(6) to the lenders, who duly confirmed the loan transactions and furnished requisite documentary evidence. Despite this, the AO ignored the confirmations, repayment evidence and banking records, and relied solely on the Investigation Wing's report to treat the loans as accommodation entries. Holding that the assessee had discharged its onus regarding identity, creditworthiness and genuineness, the ITAT dismissed the Revenue's appeal. Case-Laws Income Tax Fri, 12 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783502