https://www.taxtmi.com/caselaws?id=776772 ITAT, Ahmedabad dismissed the appeal. Additions under section 68 were upheld because the assessee failed to prove the genuineness and creditworthiness of the unsecured lender; related interest was also sustained. The claim under section 37 for interest recorded in books was similarly rejected as correctly decided by CIT(A), resulting in dismissal of the appeal for AY 2019-20. Regarding section 43CA, although the variance fell within the 10% tolerance, the matter was remitted to the AO to consider the DVO's report and decide in accordance with law. en-us Tue, 29 Jul 2025 00:00:00 +0530 Tue, 19 Aug 2025 08:38:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776772 ITAT, Ahmedabad dismissed the appeal. Additions under section 68 were upheld because the assessee failed to prove the genuineness and creditworthiness of the unsecured lender; related interest was also sustained. The claim under section 37 for interest recorded in books was similarly rejected as correctly decided by CIT(A), resulting in dismissal of the appeal for AY 2019-20. Regarding section 43CA, although the variance fell within the 10% tolerance, the matter was remitted to the AO to consider the DVO's report and decide in accordance with law. Case-Laws Income Tax Tue, 29 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776772