https://www.taxtmi.com/caselaws?id=784036 The dominant issue was whether an unsecured loan could be added as unexplained cash credit/expenditure under ss. 68/69A/69C. The ITAT held that the assessee discharged the onus by establishing the creditor's identity and creditworthiness and the genuineness of the transaction through confirmations and repayment via banking channels; hence, an addition could not be sustained merely on a third party's statement alleging entry operations when the documentary and banking trail supported the loan. Consequently, the deletion of the addition by the CIT(A) was upheld and the revenue's appeal was dismissed. en-us Fri, 28 Nov 2025 00:00:00 +0530 Sat, 27 Dec 2025 08:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784036 The dominant issue was whether an unsecured loan could be added as unexplained cash credit/expenditure under ss. 68/69A/69C. The ITAT held that the assessee discharged the onus by establishing the creditor's identity and creditworthiness and the genuineness of the transaction through confirmations and repayment via banking channels; hence, an addition could not be sustained merely on a third party's statement alleging entry operations when the documentary and banking trail supported the loan. Consequently, the deletion of the addition by the CIT(A) was upheld and the revenue's appeal was dismissed. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784036