https://www.taxtmi.com/caselaws?id=775303 ITAT Delhi upheld the order of the ld. CIT(A) deleting additions under section 68 relating to unsecured loans of Rs. 5.90 crores, rejecting the AO's claim that these were accommodation entries based on mere suspicion. The assessee proved the genuineness of the transactions and creditworthiness of creditors. The addition of commission @ 0.25% on loans of Rs. 78 lakhs was also deleted, as the loans were held genuine, negating any commission liability. Following the precedent set in a similar case, the ITAT dismissed the Revenue's appeal, affirming that assessments cannot be based solely on suspicion without tangible evidence. en-us Mon, 30 Jun 2025 00:00:00 +0530 Wed, 23 Jul 2025 08:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775303 ITAT Delhi upheld the order of the ld. CIT(A) deleting additions under section 68 relating to unsecured loans of Rs. 5.90 crores, rejecting the AO's claim that these were accommodation entries based on mere suspicion. The assessee proved the genuineness of the transactions and creditworthiness of creditors. The addition of commission @ 0.25% on loans of Rs. 78 lakhs was also deleted, as the loans were held genuine, negating any commission liability. Following the precedent set in a similar case, the ITAT dismissed the Revenue's appeal, affirming that assessments cannot be based solely on suspicion without tangible evidence. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775303