https://www.taxtmi.com/caselaws?id=791523 Credible documentary evidence can discharge the burden under sections 68 and 69A when it establishes identity, creditworthiness and genuineness of credits or cash availability, and additions cannot rest on technical objections alone. In this ITAT Mumbai note, additional evidence was admitted because the assessee had shown sufficient cause and the Assessing Officer received remand opportunity. Cash deposits were accepted as explained from recorded receipts and cash balances; partner capital contributions were treated as explained on the basis of banking and financial records, with no "source of source" requirement applied to a partnership firm; unsecured loans were held genuine despite no loan agreement; and cash found in search could not be taxed under section 69A or on a protective basis where ownership and substantive assessment lay elsewhere. en-us Mon, 20 Apr 2026 00:00:00 +0530 Wed, 13 May 2026 08:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791523 Credible documentary evidence can discharge the burden under sections 68 and 69A when it establishes identity, creditworthiness and genuineness of credits or cash availability, and additions cannot rest on technical objections alone. In this ITAT Mumbai note, additional evidence was admitted because the assessee had shown sufficient cause and the Assessing Officer received remand opportunity. Cash deposits were accepted as explained from recorded receipts and cash balances; partner capital contributions were treated as explained on the basis of banking and financial records, with no "source of source" requirement applied to a partnership firm; unsecured loans were held genuine despite no loan agreement; and cash found in search could not be taxed under section 69A or on a protective basis where ownership and substantive assessment lay elsewhere. Case-Laws Income Tax Mon, 20 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791523