https://www.taxtmi.com/caselaws?id=779239 ITAT DELHI - AT dismissed the Revenue's appeal. The tribunal found the AO had properly used s.133(6) enquiries and did not identify defects in documents under s.68; genuineness, identity and creditworthiness of lenders were effectively accepted, so CIT(A)'s deletion of the s.68 addition was upheld. Similarly, supporting documents showed expenditures were business-startup activities; CIT(A)'s deletion of unexplained expenditure disallowance was sustained. The Revenue's grounds were therefore rejected and the lower appellate order confirmed. en-us Fri, 19 Sep 2025 00:00:00 +0530 Wed, 01 Oct 2025 09:07:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779239 ITAT DELHI - AT dismissed the Revenue's appeal. The tribunal found the AO had properly used s.133(6) enquiries and did not identify defects in documents under s.68; genuineness, identity and creditworthiness of lenders were effectively accepted, so CIT(A)'s deletion of the s.68 addition was upheld. Similarly, supporting documents showed expenditures were business-startup activities; CIT(A)'s deletion of unexplained expenditure disallowance was sustained. The Revenue's grounds were therefore rejected and the lower appellate order confirmed. Case-Laws Income Tax Fri, 19 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779239