https://www.taxtmi.com/caselaws?id=780810 ITAT held that additions under s.69A treating unsecured loans as unexplained money were unsustainable. The assessee produced creditor details, ITR acknowledgements, accounts, bank statements and confirmations, and creditors complied with summons under ss.133(6)/131. Incorrect service issues were corrected and records furnished. The Tribunal found the assessee discharged the onus, shifting the burden to the Department, and noted no substantive inquiry or defect was pointed out. The AO's and CIT(A)'s orders were set aside and the appeal of the assessee was allowed. en-us Tue, 04 Nov 2025 00:00:00 +0530 Thu, 06 Nov 2025 08:47:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780810 ITAT held that additions under s.69A treating unsecured loans as unexplained money were unsustainable. The assessee produced creditor details, ITR acknowledgements, accounts, bank statements and confirmations, and creditors complied with summons under ss.133(6)/131. Incorrect service issues were corrected and records furnished. The Tribunal found the assessee discharged the onus, shifting the burden to the Department, and noted no substantive inquiry or defect was pointed out. The AO's and CIT(A)'s orders were set aside and the appeal of the assessee was allowed. Case-Laws Income Tax Tue, 04 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780810