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2021 (9) TMI 1286 - HC - Income TaxAddition u/s 68 - unexplained credit - Onus to prove - identity and creditworthiness of the lenders and genuineness of the loans proved or not? - HELD THAT:- Keeping in view the fact that CIT(A) had not considered the appellant’s defence with regard to identity and creditworthiness of lenders and genuineness of the loans in question, this Court remands the matter to the CIT(A) to consider the appellant’s said defence under Section 68 of the Act - the finding given by the CIT(A) in the impugned is set aside.
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