ITAT Upholds Rs 10 Lakh Addition Under Section 68 as Unexplained Cash Credit Over Failure to Prove Lenders’ Creditworthiness:
Mumbai ITAT upheld a Rs 10 lakh Section 68 addition after the assessee failed to prove the lenders’ creditworthiness and genuineness of the loans.
ITAT Upholds Rs 10 Lakh Cash Credit Addition
Vanshika verma
Aug 22, 2026
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ITAT Upholds Rs 10 Lakh Addition Under Section 68 as Unexplained Cash Credit Over Failure to Prove Lenders’ Creditworthiness
Mumbai ITAT upheld a Rs 10 lakh Section 68 addition after the assessee failed to prove the lenders’ creditworthiness and genuineness of the loans.
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Vanshika verma
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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
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Delhi, Delhi, India
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