https://www.taxtmi.com/caselaws?id=782202 ITAT Kolkata allowed the assessee's appeal and deleted the addition made u/s 68 on account of unsecured loans and interest thereon. Relying on the Kolkata HC ruling in Crystal Networks Pvt. Ltd., the Tribunal held that where the assessee has furnished adequate evidence establishing the identity and creditworthiness of creditors and the genuineness of transactions, non-service of summons or non-attendance of creditors is of limited relevance. As the AO failed to rebut the evidences produced, the order of the CIT(A) was set aside and the addition directed to be deleted. en-us Wed, 19 Nov 2025 00:00:00 +0530 Wed, 26 Nov 2025 08:43:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782202 ITAT Kolkata allowed the assessee's appeal and deleted the addition made u/s 68 on account of unsecured loans and interest thereon. Relying on the Kolkata HC ruling in Crystal Networks Pvt. Ltd., the Tribunal held that where the assessee has furnished adequate evidence establishing the identity and creditworthiness of creditors and the genuineness of transactions, non-service of summons or non-attendance of creditors is of limited relevance. As the AO failed to rebut the evidences produced, the order of the CIT(A) was set aside and the addition directed to be deleted. Case-Laws Income Tax Wed, 19 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782202