https://www.taxtmi.com/caselaws?id=785874 Addition under section 68 concerned the onus to prove identity, genuineness and creditworthiness of creditors; the assessee produced complete documentary evidence and repaid the loans through banking channels prior to scrutiny, and therefore discharged the onus, resulting in the assessing officer's addition being found erroneous. The revenue failed to investigate creditor sources or pursue witnesses despite precedent requiring such inquiry, so the tribunal upheld the factual conclusion that the assessee met its evidential burden and directed that the addition be set aside, deciding the matter against revenue. en-us Wed, 28 Jan 2026 00:00:00 +0530 Mon, 02 Feb 2026 08:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785874 Addition under section 68 concerned the onus to prove identity, genuineness and creditworthiness of creditors; the assessee produced complete documentary evidence and repaid the loans through banking channels prior to scrutiny, and therefore discharged the onus, resulting in the assessing officer's addition being found erroneous. The revenue failed to investigate creditor sources or pursue witnesses despite precedent requiring such inquiry, so the tribunal upheld the factual conclusion that the assessee met its evidential burden and directed that the addition be set aside, deciding the matter against revenue. Case-Laws Income Tax Wed, 28 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785874