Addition u/s 68 towards unexplained unsecure loan unsustainable as onus duly discharged

ACIT Vs Evermore Stock Brokers Private Ltd. (ITAT Delhi) ITAT Delhi held that addition u/s. 68 towards unexplained unsecured loan unsustainable as the onus which lays upon the assessee to explain that the entries made are real and not fictitious, has been duly discharged. Facts- The assessee is engaged in the business of investments and financial activities and has filed its return of income at Rs.96,19,580/- on 26.09.2015 for AY 2015-16 in question. The case was selected for limited scrutiny. In the course of the assessment, from the tax audit report, the AO inter-alia observed that the asses...