https://www.taxtmi.com/caselaws?id=781103 ITAT, Ahmedabad (AT) held that additions under s.68 and tax under s.115BBE were not sustainable where the loan was fully repaid with interest and appropriate TDS in the subsequent year. The tribunal followed the jurisdictional HC precedent that acceptance of repayment in a later year precludes fresh cash-credit additions. Revenue's challenge to the AO's addition was rejected and the appeal was decided in favour of the assessee. en-us Fri, 07 Nov 2025 00:00:00 +0530 Tue, 11 Nov 2025 08:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781103 ITAT, Ahmedabad (AT) held that additions under s.68 and tax under s.115BBE were not sustainable where the loan was fully repaid with interest and appropriate TDS in the subsequent year. The tribunal followed the jurisdictional HC precedent that acceptance of repayment in a later year precludes fresh cash-credit additions. Revenue's challenge to the AO's addition was rejected and the appeal was decided in favour of the assessee. Case-Laws Income Tax Fri, 07 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781103