https://www.taxtmi.com/caselaws?id=773021 ITAT Cuttack allowed the assessee's appeal for statistical purposes regarding addition of unsecured loans under section 68. The tribunal found that the AO failed to consider audited accounts and evidence of loans from relatives, while the assessee was not properly represented before CIT(A). Since CIT(A) did not decide the case on merits, ITAT set aside CIT(A)'s order and remanded the matter for fresh consideration of audit reports and supporting evidence in the interest of justice and fair play. en-us Thu, 12 Jun 2025 00:00:00 +0530 Tue, 17 Jun 2025 07:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773021 ITAT Cuttack allowed the assessee's appeal for statistical purposes regarding addition of unsecured loans under section 68. The tribunal found that the AO failed to consider audited accounts and evidence of loans from relatives, while the assessee was not properly represented before CIT(A). Since CIT(A) did not decide the case on merits, ITAT set aside CIT(A)'s order and remanded the matter for fresh consideration of audit reports and supporting evidence in the interest of justice and fair play. Case-Laws Income Tax Thu, 12 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773021