https://www.taxtmi.com/caselaws?id=466534 ITAT upheld deletion of additions treating unsecured loans as genuine where factual and transactional evidence established source and repayment. An opening unsecured loan not contested in prior years meant questioning a same year unsecured receipt and repayment lacked merit; outcome: addition deleted. A loan routed through banking channels with lender confirmation and no inquiry by the AO failed to sustain an addition for undisclosed income; outcome: deletion affirmed. An ad hoc 5% expenditure disallowance was rejected because the assessee produced supporting documents and the AO relied on mere presumption; outcome: disallowance deleted. en-us Thu, 27 Feb 2025 00:00:00 +0530 Wed, 11 Feb 2026 14:03:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466534 ITAT upheld deletion of additions treating unsecured loans as genuine where factual and transactional evidence established source and repayment. An opening unsecured loan not contested in prior years meant questioning a same year unsecured receipt and repayment lacked merit; outcome: addition deleted. A loan routed through banking channels with lender confirmation and no inquiry by the AO failed to sustain an addition for undisclosed income; outcome: deletion affirmed. An ad hoc 5% expenditure disallowance was rejected because the assessee produced supporting documents and the AO relied on mere presumption; outcome: disallowance deleted. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466534