https://www.taxtmi.com/caselaws?id=782042 ITAT Kolkata allowed the assessee's appeal against addition made as unexplained cash credit u/s 68 on account of an unsecured loan of Rs. 5,00,000/-. The Tribunal held that the loan transaction was duly recorded in the assessee's books, repayment was made through banking channels, and TDS was deducted, with no material on record to suggest the transaction was sham. ITAT observed that the AO had not brought any contrary evidence to discredit the genuineness of the loan and directed deletion of the entire addition u/s 68. en-us Thu, 20 Nov 2025 00:00:00 +0530 Mon, 24 Nov 2025 08:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782042 ITAT Kolkata allowed the assessee's appeal against addition made as unexplained cash credit u/s 68 on account of an unsecured loan of Rs. 5,00,000/-. The Tribunal held that the loan transaction was duly recorded in the assessee's books, repayment was made through banking channels, and TDS was deducted, with no material on record to suggest the transaction was sham. ITAT observed that the AO had not brought any contrary evidence to discredit the genuineness of the loan and directed deletion of the entire addition u/s 68. Case-Laws Income Tax Thu, 20 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782042