https://www.taxtmi.com/caselaws?id=774516 ITAT Mumbai dismissed addition under Section 69 treating loan balance as unexplained investment. The tribunal found no evidence of cash loan given to Ahuja Group during the assessment year. Seized documents related to Rs. 35 lakh cash loan pertained to FY 2012-13 and earlier years only. CIT(A) correctly directed AO to examine relevant financial years when loan was actually given and take appropriate action in those years. ITAT upheld CIT(A)'s deletion of addition, ruling no justification existed for Section 69 addition in the current year. Assessee's appeal was allowed. en-us Tue, 13 May 2025 00:00:00 +0530 Thu, 10 Jul 2025 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774516 ITAT Mumbai dismissed addition under Section 69 treating loan balance as unexplained investment. The tribunal found no evidence of cash loan given to Ahuja Group during the assessment year. Seized documents related to Rs. 35 lakh cash loan pertained to FY 2012-13 and earlier years only. CIT(A) correctly directed AO to examine relevant financial years when loan was actually given and take appropriate action in those years. ITAT upheld CIT(A)'s deletion of addition, ruling no justification existed for Section 69 addition in the current year. Assessee's appeal was allowed. Case-Laws Income Tax Tue, 13 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774516