https://www.taxtmi.com/caselaws?id=780212 ITAT KOLKATA upheld the CIT(A)'s deletion of an addition under s.68 treating unsecured loans as bogus, finding the assessee had discharged its burden by filing lenders' ITRs, audited accounts, bank statements, confirmations, source-of-funds details and MCQ data. The AO raised no specific defects and lenders complied with s.133(6) notices. CIT(A) held repayments were established and credit entries could not be viewed in isolation, applying the relevant HC ratio, and thus the appellate order deleting the addition was upheld. en-us Thu, 16 Oct 2025 00:00:00 +0530 Sat, 25 Oct 2025 09:00:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780212 ITAT KOLKATA upheld the CIT(A)'s deletion of an addition under s.68 treating unsecured loans as bogus, finding the assessee had discharged its burden by filing lenders' ITRs, audited accounts, bank statements, confirmations, source-of-funds details and MCQ data. The AO raised no specific defects and lenders complied with s.133(6) notices. CIT(A) held repayments were established and credit entries could not be viewed in isolation, applying the relevant HC ratio, and thus the appellate order deleting the addition was upheld. Case-Laws Income Tax Thu, 16 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780212