https://www.taxtmi.com/caselaws?id=780755 ITAT JAIPUR upheld the appellate authority's deletion of an addition under s. 68 relating to an alleged unexplained unsecured loan. The tribunal agreed that the assessee neither owned nor possessed the land allegedly sold, possession rested with third-party owners, and the department did not seek statements from those owners. Given the absence of evidence that the assessee received unaccounted cash or effected any sale, and inadequate support for the AO's finding that funds were channeled through shell companies, the addition was held unsustainable and deletion was sustained. en-us Thu, 23 Oct 2025 00:00:00 +0530 Wed, 05 Nov 2025 08:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780755 ITAT JAIPUR upheld the appellate authority's deletion of an addition under s. 68 relating to an alleged unexplained unsecured loan. The tribunal agreed that the assessee neither owned nor possessed the land allegedly sold, possession rested with third-party owners, and the department did not seek statements from those owners. Given the absence of evidence that the assessee received unaccounted cash or effected any sale, and inadequate support for the AO's finding that funds were channeled through shell companies, the addition was held unsustainable and deletion was sustained. Case-Laws Income Tax Thu, 23 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780755