https://www.taxtmi.com/caselaws?id=766907 The ITAT Delhi remanded the case to the AO for fresh examination of unexplained unsecured loans under section 68. The assessee filed creditor details at the last moment in March 2016, despite the AO requesting information since October 2015, leaving insufficient time for proper verification of creditworthiness. The CIT(A) had deleted the addition without confronting the assessee with additional details filed during appellate proceedings. The ITAT held that both the AO and CIT(A) lacked adequate opportunity to examine the evidence, necessitating fresh assessment in accordance with law. en-us Thu, 27 Feb 2025 00:00:00 +0530 Thu, 06 Mar 2025 07:35:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766907 The ITAT Delhi remanded the case to the AO for fresh examination of unexplained unsecured loans under section 68. The assessee filed creditor details at the last moment in March 2016, despite the AO requesting information since October 2015, leaving insufficient time for proper verification of creditworthiness. The CIT(A) had deleted the addition without confronting the assessee with additional details filed during appellate proceedings. The ITAT held that both the AO and CIT(A) lacked adequate opportunity to examine the evidence, necessitating fresh assessment in accordance with law. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766907