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2020 (3) TMI 780 - ITAT DELHIAddition u/s 68 - unsecured loan - HELD THAT:- Assessee has duly discharged its onus of proving the identity and creditworthiness of the persons and genuineness of the transactions by furnishing the confirmation letters, assessment particulars including PAN and copy of I.T. return, balance-sheet & P&L account, Bank statement to show that the payments have been made through banking channels in respect of Loan creditors It is settled proposition of law that the information gathered behind the back of the assessee cannot be used against him unless until an opportunity of rebutting the same is given to the assessee statement by itself does not constitute 'information, unless the Assessing Officer has made enquiries thereon and inferred understatement of income - Decided in favour of assessee.
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