https://www.taxtmi.com/caselaws?id=788577 Where an assessee substantiated an unsecured loan with confirmations, PAN, ITR acknowledgments, bank statements and financial records showing the lender's identity, creditworthiness and transaction genuineness, ITAT Mumbai held that the burden under section 68 was satisfied and the assessee was not required in that year to prove the source of source. The addition was also unsustainable because the same amount had already been assessed substantively in another concern's hands, so a protective addition could not survive again in the assessee's case. The section 68 addition was therefore deleted. en-us Thu, 19 Feb 2026 00:00:00 +0530 Wed, 25 Mar 2026 08:49:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788577 Where an assessee substantiated an unsecured loan with confirmations, PAN, ITR acknowledgments, bank statements and financial records showing the lender's identity, creditworthiness and transaction genuineness, ITAT Mumbai held that the burden under section 68 was satisfied and the assessee was not required in that year to prove the source of source. The addition was also unsustainable because the same amount had already been assessed substantively in another concern's hands, so a protective addition could not survive again in the assessee's case. The section 68 addition was therefore deleted. Case-Laws Income Tax Thu, 19 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788577