https://www.taxtmi.com/caselaws?id=776175 ITAT Delhi held that section 69A does not apply to the squaring off of an unsecured loan recorded in the books of account in the preceding assessment year. Since the loan transaction and its repayment were properly documented, the addition under section 69A as unexplained cash credit was unwarranted. The appeal of the assessee was allowed. en-us Fri, 03 Jan 2025 00:00:00 +0530 Wed, 06 Aug 2025 08:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776175 ITAT Delhi held that section 69A does not apply to the squaring off of an unsecured loan recorded in the books of account in the preceding assessment year. Since the loan transaction and its repayment were properly documented, the addition under section 69A as unexplained cash credit was unwarranted. The appeal of the assessee was allowed. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776175