https://www.taxtmi.com/caselaws?id=777240 ITAT, MUMBAI held that the assessee satisfactorily explained unsecured loan entries under section 68; there was no evidence of circular trading or contrary materials to dispute transfer relating to a land transaction, and ledger and bank records substantiated the entries. The tribunal found no basis for doubting the creditworthiness of the identified third party or treating the amounts as unaccounted funds. The addition made by the AO under section 68 was deleted and the assessee's grounds were allowed. en-us Tue, 29 Jul 2025 00:00:00 +0530 Wed, 27 Aug 2025 08:41:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777240 ITAT, MUMBAI held that the assessee satisfactorily explained unsecured loan entries under section 68; there was no evidence of circular trading or contrary materials to dispute transfer relating to a land transaction, and ledger and bank records substantiated the entries. The tribunal found no basis for doubting the creditworthiness of the identified third party or treating the amounts as unaccounted funds. The addition made by the AO under section 68 was deleted and the assessee's grounds were allowed. Case-Laws Income Tax Tue, 29 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777240