https://www.taxtmi.com/caselaws?id=467796 For an addition under section 68 of the Income-tax Act, the assessee must prove the creditor's identity, creditworthiness and the genuineness of unsecured loans; repeated non-compliance and mere filing of returns and photocopy confirmations were insufficient, so the addition was sustained. A plea of denial of proper opportunity also failed because the record showed repeated opportunities before the assessing authority, the first appellate authority and the Tribunal, with the assessee remaining absent and uncooperative, so no interference was warranted. en-us Tue, 28 Nov 2023 00:00:00 +0530 Fri, 03 Apr 2026 15:24:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467796 For an addition under section 68 of the Income-tax Act, the assessee must prove the creditor's identity, creditworthiness and the genuineness of unsecured loans; repeated non-compliance and mere filing of returns and photocopy confirmations were insufficient, so the addition was sustained. A plea of denial of proper opportunity also failed because the record showed repeated opportunities before the assessing authority, the first appellate authority and the Tribunal, with the assessee remaining absent and uncooperative, so no interference was warranted. Case-Laws Income Tax Tue, 28 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467796