https://www.taxtmi.com/caselaws?id=767885 ITAT Mumbai dismissed revenue's appeal regarding unexplained cash credit under section 68, finding no fresh loan taken during the year and no evidence of cash/cheque receipts from any person. The increase in unsecured loan was attributable to book entries for immovable property purchases. Regarding unexplained investment under section 69, ITAT upheld deletion of addition as revenue failed to prove payments beyond initial amount in AY 2014-15, noting construction didn't proceed and developer closed business. However, ITAT enhanced sustained addition by Rs. 30,000 for omitted registration charges of one flat. Appeal partly allowed. en-us Tue, 25 Mar 2025 00:00:00 +0530 Thu, 27 Mar 2025 08:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767885 ITAT Mumbai dismissed revenue's appeal regarding unexplained cash credit under section 68, finding no fresh loan taken during the year and no evidence of cash/cheque receipts from any person. The increase in unsecured loan was attributable to book entries for immovable property purchases. Regarding unexplained investment under section 69, ITAT upheld deletion of addition as revenue failed to prove payments beyond initial amount in AY 2014-15, noting construction didn't proceed and developer closed business. However, ITAT enhanced sustained addition by Rs. 30,000 for omitted registration charges of one flat. Appeal partly allowed. Case-Laws Income Tax Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767885