https://www.taxtmi.com/caselaws?id=792507 A short, non-deliberate delay supported by affidavit was condoned on the basis that substantial justice should prevail over technical objections. Additions under section 68 were deleted because the assessee produced confirmations, bank statements, financial records, repayment and interest evidence for the loan advance, and share-sale documents with banking proof for the receipt; the Revenue relied on uncorroborated investigation material and a retracted third-party statement without cross-examination. Once primary documentary evidence was furnished, the burden shifted to the Revenue to rebut it with cogent material, and suspicion alone could not sustain the additions. en-us Tue, 26 May 2026 00:00:00 +0530 Fri, 29 May 2026 08:59:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792507 A short, non-deliberate delay supported by affidavit was condoned on the basis that substantial justice should prevail over technical objections. Additions under section 68 were deleted because the assessee produced confirmations, bank statements, financial records, repayment and interest evidence for the loan advance, and share-sale documents with banking proof for the receipt; the Revenue relied on uncorroborated investigation material and a retracted third-party statement without cross-examination. Once primary documentary evidence was furnished, the burden shifted to the Revenue to rebut it with cogent material, and suspicion alone could not sustain the additions. Case-Laws Income Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792507