https://www.taxtmi.com/caselaws?id=772123 ITAT Delhi ruled in favor of the assessee regarding unsecured loan addition under Section 68. The AO made additions alleging accommodation entries from a securities company based on information received from ADIT. However, ITAT found the transactions genuine as they were conducted through banking channels, no cash was received, TDS was deducted, and the loan was repaid with interest before assessment reopening. The tribunal held that mere involvement of an operator doesn't make all transactions non-genuine when proper documentation and banking procedures were followed. en-us Thu, 29 May 2025 00:00:00 +0530 Wed, 04 Jun 2025 08:40:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772123 ITAT Delhi ruled in favor of the assessee regarding unsecured loan addition under Section 68. The AO made additions alleging accommodation entries from a securities company based on information received from ADIT. However, ITAT found the transactions genuine as they were conducted through banking channels, no cash was received, TDS was deducted, and the loan was repaid with interest before assessment reopening. The tribunal held that mere involvement of an operator doesn't make all transactions non-genuine when proper documentation and banking procedures were followed. Case-Laws Income Tax Thu, 29 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772123