https://www.taxtmi.com/caselaws?id=775035 The ITAT Mumbai allowed the assessee's appeal for statistical purposes in a case involving addition of unsecured loan as unexplained income under Section 69A read with Section 115BBE. The tribunal admitted additional evidence that could not be filed before lower authorities as the relevant letters and advance repayment occurred after the lower authorities' orders. While the assessee had filed an MOU dated 07.12.2021 and affidavit of a party before lower authorities, the AO failed to examine the deponent despite the filed affidavit. The lower authorities relied solely on seized documents for making the addition. The tribunal found no harm in restoring the matter to the AO for fresh adjudication, following precedent from Shri Jagdishkumar Gupta case. en-us Thu, 03 Jul 2025 00:00:00 +0530 Tue, 15 Jul 2025 14:54:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775035 The ITAT Mumbai allowed the assessee's appeal for statistical purposes in a case involving addition of unsecured loan as unexplained income under Section 69A read with Section 115BBE. The tribunal admitted additional evidence that could not be filed before lower authorities as the relevant letters and advance repayment occurred after the lower authorities' orders. While the assessee had filed an MOU dated 07.12.2021 and affidavit of a party before lower authorities, the AO failed to examine the deponent despite the filed affidavit. The lower authorities relied solely on seized documents for making the addition. The tribunal found no harm in restoring the matter to the AO for fresh adjudication, following precedent from Shri Jagdishkumar Gupta case. Case-Laws Income Tax Thu, 03 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775035