https://www.taxtmi.com/caselaws?id=464462 Calcutta HC dismissed the department's appeal and upheld the ITAT and CIT(A) findings that unsecured loans from shell companies, earlier treated as unexplained cash credits under s.68 (and interest disallowed under s.69C), were appropriately deleted because the loans were factually repaid and the repayments were satisfactorily established. The Tribunal's factual examination and affirmation of the CIT(A)'s conclusions were accepted, and no substantial question of law was held to arise. en-us Tue, 17 Dec 2024 00:00:00 +0530 Thu, 30 Oct 2025 20:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464462 Calcutta HC dismissed the department's appeal and upheld the ITAT and CIT(A) findings that unsecured loans from shell companies, earlier treated as unexplained cash credits under s.68 (and interest disallowed under s.69C), were appropriately deleted because the loans were factually repaid and the repayments were satisfactorily established. The Tribunal's factual examination and affirmation of the CIT(A)'s conclusions were accepted, and no substantial question of law was held to arise. Case-Laws Income Tax Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464462