https://www.taxtmi.com/caselaws?id=781101 ITAT (Delhi) upheld the CIT(A)'s deletion of a Rs.5,00,00,000 addition under s.68 and the related disallowance of interest under s.37, finding the unsecured loans genuine: interest paid at 9% with TDS, lenders had sufficient net worth, and loans were repaid with no adverse departmental action. Revenue's appeal was dismissed as devoid of merit. The tribunal observed CIT(A) did not decide a contention on applicability of s.115BBE but this procedural omission did not alter the disposal. 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=781101 ITAT (Delhi) upheld the CIT(A)'s deletion of a Rs.5,00,00,000 addition under s.68 and the related disallowance of interest under s.37, finding the unsecured loans genuine: interest paid at 9% with TDS, lenders had sufficient net worth, and loans were repaid with no adverse departmental action. Revenue's appeal was dismissed as devoid of merit. The tribunal observed CIT(A) did not decide a contention on applicability of s.115BBE but this procedural omission did not alter the disposal. Case-Laws Income Tax Fri, 07 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781101