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![No addition since Assessee furnished Identity of Creditors and Entire Loan transaction was done through Regular Banking Channel: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Commercial-Transaction-Loan-Taxscan.jpg "No addition since Assessee furnished Identity of Creditors and Entire Loan transaction was done through Regular Banking Channel: ITAT [Read Order]")
No addition since Assessee furnished Identity of Creditors and Entire Loan transaction was done through Regular Banking Channel: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that addition under section 69A of the Income Tax Act, 1961 cannot be...
![Mere Establishing the Identity of Creditors is not sufficient to Discharge Burden of Proof u/s 68 of Income Tax Act: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Kerala-High-Court-Taxscan.jpg "Mere Establishing the Identity of Creditors is not sufficient to Discharge Burden of Proof u/s 68 of Income Tax Act: Kerala HC [Read Judgment]")