https://www.taxtmi.com/caselaws?id=778942 ITAT KOLKATA - AT dismissed the revenue's appeal, upholding CIT(A)'s deletion of additions of unsecured loans to the assessee. An earlier reporting error overstated the loan at Rs.19.85 crore, which was corrected to Rs.1.95 crore via a revised audit report and corroborated by the balance sheet. The AO had completed assessments under s.143(3) without adverse findings, transactions were routed through banking channels, and the identity and creditworthiness of the two lenders were held to be established, so no interference was warranted. en-us Wed, 27 Aug 2025 00:00:00 +0530 Thu, 25 Sep 2025 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778942 ITAT KOLKATA - AT dismissed the revenue's appeal, upholding CIT(A)'s deletion of additions of unsecured loans to the assessee. An earlier reporting error overstated the loan at Rs.19.85 crore, which was corrected to Rs.1.95 crore via a revised audit report and corroborated by the balance sheet. The AO had completed assessments under s.143(3) without adverse findings, transactions were routed through banking channels, and the identity and creditworthiness of the two lenders were held to be established, so no interference was warranted. Case-Laws Income Tax Wed, 27 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778942