https://www.taxtmi.com/caselaws?id=777954 ITAT (Kol.) quashed reassessment issued under s.147/148 for failure to record requisite reasons as mandated by the proviso, holding the reopening invalid. On merits, the tribunal reversed addition under s.68, finding the unsecured loans were repaid, interest paid and TDS deducted under s.194A, negating accommodation-entry suspicion. CIT(A)'s order was set aside and the appeal by the assessee was allowed. en-us Wed, 03 Sep 2025 00:00:00 +0530 Mon, 08 Sep 2025 13:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777954 ITAT (Kol.) quashed reassessment issued under s.147/148 for failure to record requisite reasons as mandated by the proviso, holding the reopening invalid. On merits, the tribunal reversed addition under s.68, finding the unsecured loans were repaid, interest paid and TDS deducted under s.194A, negating accommodation-entry suspicion. CIT(A)'s order was set aside and the appeal by the assessee was allowed. Case-Laws Income Tax Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777954