2026 (2) TMI 371

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....tia, SSC with Mr. Anant Mann, JSC. For the Respondent Through: None. JUDGMENT PER DINESH MEHTA, J. (Oral) 1. The instant appeal under Section 260A of the Income Tax Act 1961 (hereinafter referred to as "Act of 1961") impugns the order dated 04.06.2025 passed by the Income Tax Appellate Tribunal, Delhi Bench 'G' New Delhi (hereinafter referred to as "the Tribunal"), whereby the appeal f....

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....rs such as money paid within its net-worth out of loan raised by them or out of income earned by them. As per the balance sheet of Bhargabi Vinimav Pvt. Ltd. they had availability of total source of fund of Rs. 26,36,29,338/ as on 31/03/2016 and Rs. 23,05,32,310/- as on 31/03/2017 respectively. 10. It is relevant to mention that the Assessee had taken total loan of Ro. two crore on 24/05/....

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.... for the authorities below for doubting the genuineness of the transaction. As per the balance sheet of the Pioneer Dealtrade Pvt. Ltd. they had availability of total net worth of Rs. 57,96,69,322/- as on 31/03/2016 and Rs. 57,92,14,703/- as on 31/03/2017. 12. In the present case, the identity of the loan creditor are established. The creditors are existing income tax Assessee'sand al....

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.... days, the loan which the respondent-assessee had taken was re-paid. 4. He further submitted that so far as the second loan which had been taken from Pioneer Dealtrade Pvt. Ltd. is concerned, in face of clear report given by the investigation Wing Kolkata, there could not be any iota of doubt that the same was only a paper transaction and that the creditor was an entry provider. 5. Having he....