https://www.taxtmi.com/caselaws?id=780191 ITAT held reopening under section 147 beyond four years unlawful in the absence of failure to disclose material facts, quashing the reassessment and deleting the additions. Additions under section 68 for unsecured loans were disallowed where repayment was shown through banking channels and initial onus was discharged; low lender income or missing returns alone did not sustain additions. Matter is restored to the AO solely for limited verification of repayment in subsequent years. en-us Thu, 18 Sep 2025 00:00:00 +0530 Sat, 25 Oct 2025 09:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780191 ITAT held reopening under section 147 beyond four years unlawful in the absence of failure to disclose material facts, quashing the reassessment and deleting the additions. Additions under section 68 for unsecured loans were disallowed where repayment was shown through banking channels and initial onus was discharged; low lender income or missing returns alone did not sustain additions. Matter is restored to the AO solely for limited verification of repayment in subsequent years. Case-Laws Income Tax Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780191