https://www.taxtmi.com/caselaws?id=780571 ITAT Kolkata held that where an assessee produced documentary evidence of unsecured loans and bank statements showing repayment, the AO cannot make an addition under s.68 solely on suspicion of accommodation entries or shell-company routing. Because the loans and their repayment were established on the record, the tribunal disallowed the addition and dismissed the revenue's appeal, aligning with precedents from Calcutta HC on similar facts. en-us Mon, 27 Oct 2025 00:00:00 +0530 Sat, 01 Nov 2025 08:17:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780571 ITAT Kolkata held that where an assessee produced documentary evidence of unsecured loans and bank statements showing repayment, the AO cannot make an addition under s.68 solely on suspicion of accommodation entries or shell-company routing. Because the loans and their repayment were established on the record, the tribunal disallowed the addition and dismissed the revenue's appeal, aligning with precedents from Calcutta HC on similar facts. Case-Laws Income Tax Mon, 27 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780571