https://www.taxtmi.com/caselaws?id=778144 ITAT, Chandigarh upheld the CIT(A)'s deletion of additions under s.69A for unexplained money, finding the seized documents, read as a whole, supported the assessee's explanation that transactions were funds arranged for others for commission. Cheque and RTGS entries and ledger accounts produced by the counter parties corroborated loan transactions and that the assessee acted as a loan broker. Revenue's appeal was dismissed for lack of evidence to controvert the factual findings. en-us Wed, 15 Jan 2025 00:00:00 +0530 Thu, 11 Sep 2025 08:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778144 ITAT, Chandigarh upheld the CIT(A)'s deletion of additions under s.69A for unexplained money, finding the seized documents, read as a whole, supported the assessee's explanation that transactions were funds arranged for others for commission. Cheque and RTGS entries and ledger accounts produced by the counter parties corroborated loan transactions and that the assessee acted as a loan broker. Revenue's appeal was dismissed for lack of evidence to controvert the factual findings. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778144