https://www.taxtmi.com/caselaws?id=771365 The ITAT Delhi dismissed the Revenue's appeal challenging additions under Section 68 for unsecured loans received by the assessee company. The tribunal held that the additions were beyond the scope of assessment, following precedents from coordinate benches in similar cases involving other companies for AY 2013-14. The ITAT found the lender to be genuine based on previous decisions and upheld the CIT(A)'s order deleting the additions, concluding there were no grounds to interfere with the lower authority's findings. en-us Fri, 28 Mar 2025 00:00:00 +0530 Sat, 24 May 2025 09:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771365 The ITAT Delhi dismissed the Revenue's appeal challenging additions under Section 68 for unsecured loans received by the assessee company. The tribunal held that the additions were beyond the scope of assessment, following precedents from coordinate benches in similar cases involving other companies for AY 2013-14. The ITAT found the lender to be genuine based on previous decisions and upheld the CIT(A)'s order deleting the additions, concluding there were no grounds to interfere with the lower authority's findings. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771365