https://www.taxtmi.com/caselaws?id=775353 ITAT Mumbai held that additions on account of unsecured loans and interest paid by the assessee cannot be sustained if similar additions are made in the hands of the lender, as this would result in impermissible double additions. Since the final outcome of the additions against the lender was not on record, the matter was restored to the file of CIT(A) to determine the outcome. If additions against the lender are upheld, the additions in the hands of the assessee must be deleted. The appeal filed by the assessee was allowed for statistical purposes. en-us Mon, 02 Jun 2025 00:00:00 +0530 Thu, 24 Jul 2025 08:40:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775353 ITAT Mumbai held that additions on account of unsecured loans and interest paid by the assessee cannot be sustained if similar additions are made in the hands of the lender, as this would result in impermissible double additions. Since the final outcome of the additions against the lender was not on record, the matter was restored to the file of CIT(A) to determine the outcome. If additions against the lender are upheld, the additions in the hands of the assessee must be deleted. The appeal filed by the assessee was allowed for statistical purposes. Case-Laws Income Tax Mon, 02 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775353