https://www.taxtmi.com/caselaws?id=779163 ITAT reduced an erroneous addition by correcting a loan entry from Rs. 4.00 crore to Rs. 4.00 lakh and deleted that portion of the addition. The tribunal found the assessee furnished identity, creditworthiness and transaction evidence for other unsecured loans but directed verification by the Jurisdictional AO of unsecured loans totalling Rs. 3,75,74,960/-. The matter was restored to the AO for enquiry into nature and source of those loans. Appeal was partly allowed for statistical purposes. en-us Mon, 20 Jan 2025 00:00:00 +0530 Tue, 30 Sep 2025 08:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779163 ITAT reduced an erroneous addition by correcting a loan entry from Rs. 4.00 crore to Rs. 4.00 lakh and deleted that portion of the addition. The tribunal found the assessee furnished identity, creditworthiness and transaction evidence for other unsecured loans but directed verification by the Jurisdictional AO of unsecured loans totalling Rs. 3,75,74,960/-. The matter was restored to the AO for enquiry into nature and source of those loans. Appeal was partly allowed for statistical purposes. Case-Laws Income Tax Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779163