AdvertisementTrilok Chand Jaiswal Vs ITO (ITAT Raipur) The Income Tax Appellate Tribunal (ITAT), Raipur, allowed the assessee’s appeal against the order of the CIT(A)/NFAC for Assessment Year 2013-14 concerning an addition made under Section 68 of the Income Tax Act, 1961. The assessee submitted that he had obtained loans amounting to ₹37 lakh from his relatives. According to the assessee, the identity, creditworthiness and genuineness of the loan transactions were established by furnishing Aadhaar and PAN of the lenders, loan confirmation statements, bank statements, computation of income, balance...