https://www.taxtmi.com/caselaws?id=768241 ITAT Mumbai ruled in favor of the assessee regarding addition under section 69A for unexplained loan. Revenue claimed assessee advanced loan to HUF but failed to reflect it in balance sheet. However, Revenue could not produce loan confirmation despite claims of its existence. RTI response confirmed no loan confirmation was filed by HUF. Assessee's statement under section 131 was retracted. Without supporting material, addition under section 69A was deleted along with related interest addition. en-us Tue, 01 Apr 2025 00:00:00 +0530 Thu, 03 Apr 2025 07:50:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768241 ITAT Mumbai ruled in favor of the assessee regarding addition under section 69A for unexplained loan. Revenue claimed assessee advanced loan to HUF but failed to reflect it in balance sheet. However, Revenue could not produce loan confirmation despite claims of its existence. RTI response confirmed no loan confirmation was filed by HUF. Assessee's statement under section 131 was retracted. Without supporting material, addition under section 69A was deleted along with related interest addition. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768241