2024 (7) TMI 1722

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....spondent : None ORDER CM APPL. 37315/2024 (30 Days Delay) & CM APPL. 37316/2024 (36 Days Delay in Refiling) 1. Bearing in mind the disclosures made, the delay of 30 days in filing and the delay of 36 days in re-filing the appeal is condoned. 2. The applications shall stand disposed of. ITA 325/2024 1. This appeal is directed against the order of Income Tax Appellate Tribunal ['Tr....

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....n the unsecured loans? C. Whether on facts and circumstances of the case and in law, Ld. ITAT has not considered, during the assessment proceedings, the assessee has also failed to furnish any positive evidence in support of sources of the funds of the lender and no explanation was offered in respect of frequent credit entries in the account of lenders, all the lenders were given summons ....

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....sessee before the departmental authorities, it is established that the entire loan, which is subject matter of addition, as unexplained cash credit has been repaid either in the year under consideration or subsequent assessment years. The entire transaction relating to availing of and repayment of loan has been done through banking channel. All details relating to loan availed and repayments made ....