ITAT Deletes Rs 12 Lakh Section 68 Addition After Assessee Proves Lender’s Identity, Creditworthiness and Genuine Transaction:
The ITAT deleted the Section 68 addition after ruling that the assessee had proved the lender's identity, creditworthiness, and the genuineness of the unsecured loan.
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Saloni Kumari
Jul 18, 2026Premium
ITAT Deletes Rs 12 Lakh Section 68 Addition After Assessee Proves Lender’s Identity, Creditworthiness and Genuine Transaction
The ITAT deleted the Section 68 addition after ruling that the assessee had proved the lender's identity, creditworthiness, and the genuineness of the unsecured loan.
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Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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Delhi, Delhi, India
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