https://www.taxtmi.com/caselaws?id=781442 ITAT MUMBAI-AT set aside the disallowance of interest on certain unsecured loans. The Tribunal found the assessee had filed detailed submissions and earlier settlement documentation, and that CIT(A) wrongly relied on a predecessor's order already set aside by the Tribunal. Because loans were accepted as genuine in earlier years, interest for the first three lenders cannot be disallowed in the year under appeal. As to the fourth lender, no interest expense was claimed and no independent finding justified disallowance, so the assessing officer's addition was reversed. en-us Fri, 31 Oct 2025 00:00:00 +0530 Thu, 13 Nov 2025 17:33:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781442 ITAT MUMBAI-AT set aside the disallowance of interest on certain unsecured loans. The Tribunal found the assessee had filed detailed submissions and earlier settlement documentation, and that CIT(A) wrongly relied on a predecessor's order already set aside by the Tribunal. Because loans were accepted as genuine in earlier years, interest for the first three lenders cannot be disallowed in the year under appeal. As to the fourth lender, no interest expense was claimed and no independent finding justified disallowance, so the assessing officer's addition was reversed. Case-Laws Income Tax Fri, 31 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781442