Loan Receipt Classified as Cash Credit u/s 68 Due to Lack of Creditor's Identity and Creditworthiness Evidence.

Assessment of loan receipt as cash credit u/s 68 - the receipt of money through the banking channels may prove the genuineness of the transaction, but the assessee has failed to establish the identity of the creditor and also failed to prove the creditworthiness of the creditor - AT .....

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