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“source of source”

Cash Credits & Unexplained ItemsSection 68Section 68810 judgments

INCOME TAX OFFICER, DELHI vs. GOVERDHAN TRANSPORT COMPANY PVT. LTD., DELHI

In the result, the appeal filed by the Revenue is dismissed

ITA 4731/DEL/2024[2014-15]Status: DisposedITAT Delhi20 Mar 2026AY 2014-15
For Appellant: Ms. Rano Jain, Adv., Sh. Pranshu SinghalFor Respondent: Sh. Rajesh Kumar Dhanesta, Sr. DR
Section 131Section 131(1)Section 143(3)Section 68

instances in\nwhich cash has been deposited in the bank account of the persons from whom the\nshareholders have received the money (source of source). Since the assessee had\nfiled voluminous documents before CIT(A), in the appeal filed by the department,\nwe are filing the documents which ... instances in which cash has been\ndeposited in the bank account of the persons from whom the shareholders have\nreceived the money (source of source). Since the assessee had filed voluminous\ndocuments before CIT(A and the said documents were given to the CIT(A) who\nhad sent

H K ISPAT PVT. LTD.,PANCHMAHAL vs. THE DY.CIT, CENTRAL CIRCLE-2, VADODARA

In the result, all the appeals filed by the Revenue for AYs 2014–15 to 2021–

ITA 1392/AHD/2025[2021-22]Status: DisposedITAT Ahmedabad18 Mar 2026AY 2021-22

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamblesn

Section 250Section 68

73/Ahd/2025 and others Group Appeals - HK Ispat Pvt Ltd Asst.Year : 2015-16 to 2021-2022 - 8– needs to explain source to source of sum credited to his bank account, the appellant submitted that such amended provisions not applicable to current year, thus the appellant should not be asked ... regarding source of source of lender. (viii) The appellant has also claimed that loans take during the year are repaid in current year or subsequent period hence such loans cannot be subject matter of addition u/s 68 of the Act. The appellant has also relied upon various judicial

ACIT, CENTRAL CIRCLE-2, VADODARA, VADODARA vs. HK ISPAT PVT LTD, GODHRA

In the result, all the appeals filed by the Revenue for AYs 2014–15 to 2021–

ITA 1278/AHD/2025[2021-22]Status: DisposedITAT Ahmedabad18 Mar 2026AY 2021-22

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamblesn

Section 250Section 68

73/Ahd/2025 and others Group Appeals - HK Ispat Pvt Ltd Asst.Year : 2015-16 to 2021-2022 - 8– needs to explain source to source of sum credited to his bank account, the appellant submitted that such amended provisions not applicable to current year, thus the appellant should not be asked ... regarding source of source of lender. (viii) The appellant has also claimed that loans take during the year are repaid in current year or subsequent period hence such loans cannot be subject matter of addition u/s 68 of the Act. The appellant has also relied upon various judicial

ACIT, CENTRAL CIRCLE-2, VADODARA, VADODARA vs. HK ISPAT PVT LTD, GODHRA

In the result, all the appeals filed by the Revenue for AYs 2014–15 to 2021–

ITA 1277/AHD/2025[2014-15]Status: DisposedITAT Ahmedabad18 Mar 2026AY 2014-15

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamblesn

Section 250Section 68

73/Ahd/2025 and others Group Appeals - HK Ispat Pvt Ltd Asst.Year : 2015-16 to 2021-2022 - 8– needs to explain source to source of sum credited to his bank account, the appellant submitted that such amended provisions not applicable to current year, thus the appellant should not be asked ... regarding source of source of lender. (viii) The appellant has also claimed that loans take during the year are repaid in current year or subsequent period hence such loans cannot be subject matter of addition u/s 68 of the Act. The appellant has also relied upon various judicial

INCOME TAX OFFICER WARD 6 (1), MOHALI vs. SKYCITY BUILDERS AND PROMOTERS PRIVATE LIMITED, KHRAR PUNJAB

In the result, the corresponding grounds as raised by the revenue stand dismissed

ITA 1217/CHANDI/2025[2012-13]Status: DisposedITAT Chandigarh16 Mar 2026AY 2012-13

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकर अपील सं./ Ita No.1066/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2012-13) M/S Skycity Builders & Promoters Pvt. Ltd. Dcit Ward 6(1) बनाम/ Room No.3, 1St Floor Sco-90, City Heart Kharar-Chandigarh Road, Livestock Complex Vs. Kharar, Rupnagar (Punjab) - 140301 Sector – 68, Mohali -160062 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aapcs-2435-R (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकर अपील सं./ Ita No.1217/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2012-13) Dcit Ward 6(1) M/S Skycity Builders & Promoters Pvt. Ltd. बनाम/ Room No.3, 1St Floor Sco-90, City Heart Livestock Complex Kharar-Chandigarh Road, Vs. Sector – 68, Mohali -160062 Kharar, Rupnagar (Punjab) - 140301 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aapcs-2435-R (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Sh. Sudhir Sehgal (Advocate) – Ld. Ar ""थ"कीओरसे/Respondent By : Ms. Yamini (Cit) - Ld. Dr (Virtual) सुनवाईकीतारीख/Date Of Hearing : 05.02.2026 घोषणाकीतारीख /Date Of Pronouncement : 16.03.2026

For Appellant: Sh. Sudhir Sehgal (Advocate) – Ld. ARFor Respondent: Ms. Yamini (CIT) - Ld. DR (Virtual)
Section 143(3)Section 148Section 68

Taxmann.com 70). The Agra Tribunal in the case of Sh. Agarsen Logistic (supra) held that the additional onus to prove the source of source of unsecured loans / borrowings as introduced by Finance Act, 2022 would apply only from AY 2023-24 and subsequent assessment years. The bench further ... from AY 2022-23 and therefore, for the impugned AY 2012-13, there is no obligation on the assessee to establish the source of source of unsecured loans and advances. Proceeding further, it would be the primary onus of the assessee to establish the identity of the lender

SKYCITY BUILDERS AND PROMOTERS PRIVATE LIMITED, ,KHARAR, RUPNAGAR vs. DCIT WARD 6(1), CHANDIGARH JAO ITO 6(1) MOHALI, CHANDIGARH

In the result, the corresponding grounds as raised by the revenue stand dismissed

ITA 1066/CHANDI/2025[2012-13]Status: DisposedITAT Chandigarh16 Mar 2026AY 2012-13

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकर अपील सं./ Ita No.1066/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2012-13) M/S Skycity Builders & Promoters Pvt. Ltd. Dcit Ward 6(1) बनाम/ Room No.3, 1St Floor Sco-90, City Heart Kharar-Chandigarh Road, Livestock Complex Vs. Kharar, Rupnagar (Punjab) - 140301 Sector – 68, Mohali -160062 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aapcs-2435-R (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकर अपील सं./ Ita No.1217/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2012-13) Dcit Ward 6(1) M/S Skycity Builders & Promoters Pvt. Ltd. बनाम/ Room No.3, 1St Floor Sco-90, City Heart Livestock Complex Kharar-Chandigarh Road, Vs. Sector – 68, Mohali -160062 Kharar, Rupnagar (Punjab) - 140301 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aapcs-2435-R (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Sh. Sudhir Sehgal (Advocate) – Ld. Ar ""थ"कीओरसे/Respondent By : Ms. Yamini (Cit) - Ld. Dr (Virtual) सुनवाईकीतारीख/Date Of Hearing : 05.02.2026 घोषणाकीतारीख /Date Of Pronouncement : 16.03.2026

For Appellant: Sh. Sudhir Sehgal (Advocate) – Ld. ARFor Respondent: Ms. Yamini (CIT) - Ld. DR (Virtual)
Section 143(3)Section 148Section 68

Taxmann.com 70). The Agra Tribunal in the case of Sh. Agarsen Logistic (supra) held that the additional onus to prove the source of source of unsecured loans / borrowings as introduced by Finance Act, 2022 would apply only from AY 2023-24 and subsequent assessment years. The bench further ... from AY 2022-23 and therefore, for the impugned AY 2012-13, there is no obligation on the assessee to establish the source of source of unsecured loans and advances. Proceeding further, it would be the primary onus of the assessee to establish the identity of the lender

DAVINDER KUMAR MAGO,PUNJABI BAGH vs. DCIT/ACIT CENTRAL CIRCLE, DDN, DEHRADUN

In the result appeal of the assessee is allowed

ITA 17/DDN/2026[2019-20]Status: DisposedITAT Dehradun12 Mar 2026AY 2019-20

Bench: Shri Mahavir Singh & Shri Manish Agarwal[Assessment Year : 2019-20] Davinder Kumar Mago Vs Dcit/Acit 12/1, Punjabi Bagh, Central Circle, External Punjabi Bagh, Dehradun New Delhi-110026 Uttarakhand Pan-Ajhpm9802A Appellant Respondent Appellant By Shri Ajay Wadhwa, Adv. (Vc) Respondent By Ms. Poonam Sharma, Cit Dr Date Of Hearing 10.03.2026 Date Of Pronouncement 12.03.2026 Order Per Manish Agarwal, Am : This Appeal Filed By The Assessee Against The Order By Pr.Cit (Central), Kanpur At Meerut Passed U/S 263 Of The Income Tax Act, 1861 (“The Act”) Dated 08.01.2026 Arising Out Of The Order Passed U/S 143(3) R.W.S. 147 Of The Act.

Section 142(1)Section 143(3)Section 147Section 263

in the hands of the lenders were examined therefore, Ld. PCIT has correctly observed that assessee has failed to prove the source of source of the loan creditors and thus the action of Ld. PCIT in holding the assessment order as erroneous and pre-judicial

CLAYMINE MICRONS LLP,WANKANER vs. PRINCIPAL CIT 1, RAJKOT

In the result, the appeal of the assessee in ITA No

ITA 216/RJT/2024[2018-19]Status: DisposedITAT Rajkot11 Mar 2026AY 2018-19

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinhaआयकर अपील सं. / Ita No. 216/Rjt/2024 Assessment Year: (2018-19) (Physical Hearing) Claymine Microns Llp Vs. Pcit Survey No. 59 At Ratavirda, Nr. Capron Aayakar Bhawan, Race Course Ceramic Sartanpar Road, Wankaner, Ring Road, Rajkot, Gujarat - Gujarat - 363641 360001 Pan/Gir No.: Aamfc4286C (Assessee) (Respondent) िनधा"रती की ओर से/Assessee By : Shri Hardik Vora, Ar राज" की ओर से/Respondent By : Shri Sanjay Punglia, Cit. Dr सुनवाई की तारीख/Date Of Hearing : 16/02/2026 घोषणा की तारीख/Date Of Pronouncement : 11/03/2026

For Appellant: Shri Hardik Vora, ARFor Respondent: Shri Sanjay Punglia, CIT. DR
Section 143(3)Section 263Section 68

should restrict the verification of cash credit received to the extent of verification of source/creditworthiness of creditor and not to verify the "source of source In this regard, reliance is placed on following decisions: (i) High Court of Gujarat in the case of CIT v. Pragati Co-operative ... income of RJ and AJ. The assessee firm can show the source of income of the partnership firm, but 'the source of source' cannot be shown by the assessee-firm. This aspect of the matter has been properly appreciated by the Tribunal, while allowing the appeal preferred

ASSISTANT COMMISSIONER OF INCOME TAX, CHANDIGARH vs. SARAF THE JEWELLERS, PUNJAB

Appeal stand dismissed

ITA 1592/CHANDI/2025[2019-20]Status: DisposedITAT Chandigarh10 Mar 2026AY 2019-20

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपीलसं. / Ita No.1230/Chandi/2025 (िनधा"रणवष" / Assessment Year: 2019-20) Saraf The Jeweller Dcit / Acit (Central)-2 बनाम/ Sco 45, Pocket No.1 C.R. Building Nac Showroom, Manimajra Himalaya Marg, Vs. Chandigarh – 160101 Sector-17E, Chandigarh "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adafs-2345-B (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकरअपीलसं. / Ita No.1592/Chandi/2025 (िनधा"रणवष" / Assessment Year: 2019-20) Dcit / Acit (Central)-2 Saraf The Jeweller बनाम/ C.R. Building Sco 45, Pocket No.1 Himalaya Marg, Nac Showroom, Manimajra Vs. Sector-17E, Chandigarh Chandigarh – 160101 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adafs-2345-B (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/Appellant Sh. Sudhir Sehgal (Advocate) & Sh. Sahil Ratra (Advocate) – Ld. Ars By : ""थ"कीओरसे/Respondent By : Sh. Abhishek Pal Garg (Cit) & Dr. Ranjit Kaur (Addl. Cit) – Ld. Drs सुनवाईकीतारीख/Date Of Hearing : 12.02.2026 घोषणाकीतारीख /Date Of Pronouncement 10.03.2026 : आदेश / O R D E R Per Bench 1.1 Aforesaid Cross-Appeals For Assessment Year (Ay) 2019-20Arises Out Of An Order Passed By Ld. Commissioner Of Income Tax (Appeals)-3

For Respondent: Sh. Abhishek Pal Garg (CIT) & Dr. Ranjit Kaur (Addl. CIT) –
Section 115BSection 132Section 153A(1)(b)Section 153DSection 65BSection 68

that confirmation from creditors have been filed along with other details and as such, the assessee was not bound to explain the source of source of the lenders, for which, the amendment had come into effect only from Asstt. Year 2023-24 and thus, the confirmation of addition ... from AY 2022-23 and therefore, for the impugned AY 2019-20, there is no obligation on the assessee to establish the source of source of unsecured loans and advances. Proceeding further, it would be the primary onus of the assessee to establish the identity of the lender

SARAF THE JEWELLERS, CHANDIGARH,CHANDIGARH vs. THE DEPUTY/ASSISTANT COMMISSIONER OF INCOME TAX CEN-2 CHANDIGARH, CHANDIGARH

Appeal stand dismissed

ITA 1230/CHANDI/2025[2019-20]Status: DisposedITAT Chandigarh10 Mar 2026AY 2019-20

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपीलसं. / Ita No.1230/Chandi/2025 (िनधा"रणवष" / Assessment Year: 2019-20) Saraf The Jeweller Dcit / Acit (Central)-2 बनाम/ Sco 45, Pocket No.1 C.R. Building Nac Showroom, Manimajra Himalaya Marg, Vs. Chandigarh – 160101 Sector-17E, Chandigarh "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adafs-2345-B (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकरअपीलसं. / Ita No.1592/Chandi/2025 (िनधा"रणवष" / Assessment Year: 2019-20) Dcit / Acit (Central)-2 Saraf The Jeweller बनाम/ C.R. Building Sco 45, Pocket No.1 Himalaya Marg, Nac Showroom, Manimajra Vs. Sector-17E, Chandigarh Chandigarh – 160101 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adafs-2345-B (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/Appellant Sh. Sudhir Sehgal (Advocate) & Sh. Sahil Ratra (Advocate) – Ld. Ars By : ""थ"कीओरसे/Respondent By : Sh. Abhishek Pal Garg (Cit) & Dr. Ranjit Kaur (Addl. Cit) – Ld. Drs सुनवाईकीतारीख/Date Of Hearing : 12.02.2026 घोषणाकीतारीख /Date Of Pronouncement 10.03.2026 : आदेश / O R D E R Per Bench 1.1 Aforesaid Cross-Appeals For Assessment Year (Ay) 2019-20Arises Out Of An Order Passed By Ld. Commissioner Of Income Tax (Appeals)-3

For Respondent: Sh. Abhishek Pal Garg (CIT) & Dr. Ranjit Kaur (Addl. CIT) –
Section 115BSection 132Section 153A(1)(b)Section 153DSection 65BSection 68

that confirmation from creditors have been filed along with other details and as such, the assessee was not bound to explain the source of source of the lenders, for which, the amendment had come into effect only from Asstt. Year 2023-24 and thus, the confirmation of addition ... from AY 2022-23 and therefore, for the impugned AY 2019-20, there is no obligation on the assessee to establish the source of source of unsecured loans and advances. Proceeding further, it would be the primary onus of the assessee to establish the identity of the lender

ILOVE DIAMONDS PVT. LTD.,CHENNAI vs. ACIT, CC-2,, CHENNAI

The appeal of the assessee is partly allowed

ITA 2005/CHNY/2025[2016-17]Status: DisposedITAT Chennai09 Mar 2026AY 2016-17

Bench: Shri Aby T. Varkey & Ms. Padmavathy.Sआयकर अपील सं./Ita No.2005/Chny/2025 िनधा$रण वष$ /Assessment Year: 2016-17

For Appellant: Mr. D. Anand, AdvocateFor Respondent: Mr. R. Anitha, Addl. CIT
Section 131Section 250Section 271(1)(c)Section 37Section 68

further submitted that the assessee has also submitted the financial statements of the above two companies to substantiate the source of source. The Ld. AR argued that the A.O has made the addition in the hands of the assessee by trailing the financial statements of M/s. Sherisha Technologies ... argued that the assessee has explained the source of source of source even when the law requires only source of source to explained. We further notice from the perusal of the order of the AO that all the findings pertain to tracing the various layers

INCOME TAX OFFICER, WARD-9(1), KOLKATA, KOLKATA vs. LITTLESTAR SECURITIES PRIVATE LIMITED, KOLKATA

In the result, the appeal of the Revenue is dismissed

ITA 694/KOL/2025[2012-13]Status: DisposedITAT Kolkata06 Mar 2026AY 2012-13
Section 143(3)Section 144BSection 254Section 68

present case the investors were traceable taxpayers\nwho confirmed the transactions under Section 133(6). Additionally,\nfor AY 2009-10, the \"source of source\" requirement was inapplicable\nsince the proviso to Section 68 introduced by the Finance Act, 2012\nis prospective. The Court concluded that documented banking\ntransactions ... with \"phantom\nentities\" is a leap in logic that this Court cannot countenance.\n9. Furthermore, for the Assessment Year 2009-10, the \"Source of Source\" doctrine\nremains inapplicable as the proviso to Section 68, introduced by the Finance Act, 2012,\nis prospective. The Tribunal noted that the subscribers

DCIT, CENTRAL -4(3), KOLKATA, KOLKATA vs. RAJESH AUTO MERCHANDISE PRIVATE LIMITED, KOLKATA

In the result, the appeal of the Revenue is dismissed

ITA 2610/KOL/2025[2021-22]Status: DisposedITAT Kolkata26 Feb 2026AY 2021-22
Section 131Section 132Section 153ASection 68

Agra) (Mag.); Mohar Singh v. Dy. CIT [2002]\n77 TTJ (Agra) 218.\nSince such lender has positive net worth and duly shown “source of source", the essential ingredients of sec. 68\n(being identity, creditworthiness & genuineness of transaction) is duly satisfied and hence also addition so made

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(3), KOLKATA, KOLKATA vs. AVIMA EXPORTS PRIVATE LIMITED, KOLKATA

In the result, the appeal of the Revenue is dismissed

ITA 1599/KOL/2025[2016-17]Status: DisposedITAT Kolkata26 Feb 2026AY 2016-17
Section 131Section 133ASection 139(1)Section 143(3)Section 147Section 148Section 68

creditworthiness of the 'sub-creditors', since, these aspects may not be within the special knowledge of the assessee.\n6.2.9. This concept of Source of Source has been negated by various jurisdictional courts; undoubtedly, the assessee has a legal duty to identify the creditors in addition to his means

PARAMA CONSTRUCTION PVT. LTD.,DURGAPUR vs. ITO, WARD-2(3), DURGAPUR

In the result, the appeal of the assessee is allowed

ITA 1409/KOL/2023[2012-13]Status: DisposedITAT Kolkata26 Feb 2026AY 2012-13
Section 131Section 143(3)Section 68

{ "clean_text": "IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, KOLKATA\nBEFORE SHRI RAJESH KUMAR, AM\nAND\nSHRIPRADIP KUMAR CHOUBEY

DCIT, CIRCLE-3(1), HYDERABAD vs. SEW INFRASTURE LIMITED, HYDERABAD

Appeal are dismissed as not pressed

ITA 1825/HYD/2025[2023-24]Status: DisposedITAT Hyderabad25 Feb 2026AY 2023-24

Bench: Shri Vijay Pal Rao & Shri Manjunatha G.आ.अपी.सं /Ita No.1779/Hyd./2025 & आ.अपी.सं /Ita.No.1825/Hyd./2025 Assessment Year 2023-2024 Sew Infrastructure Limited, Hyderabad. The Acit/Dcit, Vs. Pin - 500 016. Circle-3(1), Telangana. Hyderabad. Pan Aadcs4061P (Appellant/ (Respondent/Appellant) Respondent) िनधा"रती "ारा /Assessee By: Ca, Mv Prasad Dr. Narendra Kumar Naik, Cit-Dr राज" व "ारा /Revenue By : सुनवाई की तारीख/Date Of Hearing: 19.02.2026 घोषणा की तारीख/Pronouncement: 25.02.2026 आदेश/Order

For Appellant: CA, MV Prasad
Section 143(2)Section 143(3)Section 68

assessee 6 ITA.Nos.1779 & 1825/Hyd./2025 produced all the relevant details and confirmation of these parties before the Assessing Officer, however, the source of source in respect of all these lenders/depositors could not be produced by the assessee as the assessee was not having a direct relation

SEW INFRASTRUCTURE LIMITED,HYDERABAD vs. ACIT, CIRCLE-3(1), HYDERABAD

Appeal are dismissed as not pressed

ITA 1779/HYD/2025[2023-24]Status: DisposedITAT Hyderabad25 Feb 2026AY 2023-24

Bench: Shri Vijay Pal Rao & Shri Manjunatha G.आ.अपी.सं /Ita No.1779/Hyd./2025 & आ.अपी.सं /Ita.No.1825/Hyd./2025 Assessment Year 2023-2024 Sew Infrastructure Limited, Hyderabad. The Acit/Dcit, Vs. Pin - 500 016. Circle-3(1), Telangana. Hyderabad. Pan Aadcs4061P (Appellant/ (Respondent/Appellant) Respondent) िनधा"रती "ारा /Assessee By: Ca, Mv Prasad Dr. Narendra Kumar Naik, Cit-Dr राज" व "ारा /Revenue By : सुनवाई की तारीख/Date Of Hearing: 19.02.2026 घोषणा की तारीख/Pronouncement: 25.02.2026 आदेश/Order

For Appellant: CA, MV Prasad
Section 143(2)Section 143(3)Section 68

assessee 6 ITA.Nos.1779 & 1825/Hyd./2025 produced all the relevant details and confirmation of these parties before the Assessing Officer, however, the source of source in respect of all these lenders/depositors could not be produced by the assessee as the assessee was not having a direct relation

ACIT CC 7(3), MUMBAI vs. TRISHUL REALTY INFRA LLP, MUMBAI

In the result, the appeal filed by the Revenue and the COs filed by the Assessee stand dismissed

ITA 7649/MUM/2025[2012-13]Status: DisposedITAT Mumbai19 Feb 2026AY 2012-13

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

Section 250Section 68

their Bank Accounts were used for parking of funds/ providing accommodation entry and hence there is no need to prove the source of source by the Trishul Realty Infra LLP assessee as it is already established that the source of source was a shell company used ... Vintrade Pvt Ltd. but infact obtained funds from M's.Gulmohar Towers Pvt. Ltd. The appellant company cannot be burdened to prove the source of source of the funds obtained but only the nature and source of the funds obtained from its lender ie. Mis. M's. Gulmohar

NANDITA SHAUNAK MUNSHAW,AHMEDABAD vs. THE ITO, WARD-1(3)(1), AHMEDABAD

In the result, the appeal of the assessee is allowed

ITA 1969/AHD/2025[2014-15]Status: DisposedITAT Ahmedabad18 Feb 2026AY 2014-15

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleassessment Year 2014-15

For Appellant: Shri Mehul K. Patel, AdvocateFor Respondent: Shri Amit Pratap Singh, Sr. D.R
Section 115BSection 147Section 234ASection 68

Repayment ledger and confirmation ledger account Page 58 & 59 of PB -Bank statement of company Page 74 & 75 of PB. -Certificate of source of source of company -Page 76 of PB. M.A. Financial Services Pvt. Ltd. -Received Rs. 10,00,000/- on 12/03/2014 -Received Rs.18 ... 04/03/2015 -Repayment ledger and confirmation ledger account Page 61 & 62 of PB -Bank statement of company Page 71 of PB -Certificate of source of source of company Page 72 of PB. From the perusal of the relevant pages of the paper book, it appears that the assessee

M/S.RUNWAL COMMERCIAL ASSETS PVT LTD (NOW MERGED WITH WHEELABRATOR ALLOY CASTINGS LIMITED),MUMBAI vs. THE INCOME TAX OFFICER, WARD 15(3)(1), MUMBAI, MUMBAI

In the result, the appeal of the assessee is allowed

ITA 7623/MUM/2025[2023-24]Status: DisposedITAT Mumbai18 Feb 2026AY 2023-24

Bench: Shri Saktijit Dey & Shri Makarand Vasant Mahadeokarm/S. Runwal Commercial Ito Ward-15(3)(1), Assets Pvt. Ltd. (Now Aayakar Bhavan, Merged With Vs. Maharshi Karve Wheelabrator Alloy Road, New Marine Castings Limited) Lines, Churchgate, Runwal & Omkar Mumbai-400 020 Esquires, 4Th Floor, Off Eastern Exp. Highway Opp. Sion Chuan Bhatti Signal, Sion East, Mumbai-400 022 Pan/Gir No. Aajcr7366J (Applicant) (Respondent) Assessee By Shri Rakesh Joshi, Ld. Ar Revenue By Shri Umashankar Prasad, Ld. Dr Date Of Hearing 16.02.2026 Date Of Pronouncement 18.02.2026

Section 115BSection 143(3)Section 144BSection 250Section 68

audited accounts. 26. We are also conscious that under the amended provisions of section 68, the assessee is required to explain the source of source in specified circumstances. However, in the present case, confirmations were furnished, notices under section 133(6) were complied with, and the trail

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