https://www.taxtmi.com/caselaws?id=782634 ITAT Kolkata (AT) dismissed the Revenue's appeals, upholding deletion of additions u/s 68 relating to unsecured loans, interest thereon, and alleged commission for accommodation entries. The Tribunal held that the assessee had discharged its onus under s.68 by furnishing complete evidences establishing the identity of loan creditors, genuineness of transactions, and subsequent repayment of loans in the following financial year. In view of the documented repayments and supporting materials produced before the AO and CIT(A), unexplained cash credit treatment was unwarranted. Consequently, the interest expenditure and notional commission addition at 0.50% also failed, as they were entirely derivative of the unsustainable s.68 additions. en-us Tue, 11 Nov 2025 00:00:00 +0530 Mon, 01 Dec 2025 14:49:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782634 ITAT Kolkata (AT) dismissed the Revenue's appeals, upholding deletion of additions u/s 68 relating to unsecured loans, interest thereon, and alleged commission for accommodation entries. The Tribunal held that the assessee had discharged its onus under s.68 by furnishing complete evidences establishing the identity of loan creditors, genuineness of transactions, and subsequent repayment of loans in the following financial year. In view of the documented repayments and supporting materials produced before the AO and CIT(A), unexplained cash credit treatment was unwarranted. Consequently, the interest expenditure and notional commission addition at 0.50% also failed, as they were entirely derivative of the unsustainable s.68 additions. Case-Laws Income Tax Tue, 11 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782634