https://www.taxtmi.com/caselaws?id=782134 ITAT Delhi dismissed Revenue's appeal against the assessee-company. It held that additions u/s 68 in assessment u/s 153A, based solely on retracted third-party statements and an excel sheet, were unsustainable as no incriminating material was found in the search and all loan entries were already recorded in the books. The assessee had established identity, creditworthiness, and genuineness of lenders through bank statements, financials, ITRs, PAN, confirmations, and evidence of repayment. ITAT affirmed CIT(A)'s deletion of the u/s 68 addition and consequently upheld deletion of the estimated commission addition u/s 69C, treating the loans as genuine. en-us Fri, 07 Nov 2025 00:00:00 +0530 Mon, 24 Nov 2025 11:23:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782134 ITAT Delhi dismissed Revenue's appeal against the assessee-company. It held that additions u/s 68 in assessment u/s 153A, based solely on retracted third-party statements and an excel sheet, were unsustainable as no incriminating material was found in the search and all loan entries were already recorded in the books. The assessee had established identity, creditworthiness, and genuineness of lenders through bank statements, financials, ITRs, PAN, confirmations, and evidence of repayment. ITAT affirmed CIT(A)'s deletion of the u/s 68 addition and consequently upheld deletion of the estimated commission addition u/s 69C, treating the loans as genuine. Case-Laws Income Tax Fri, 07 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782134