ITAT Deletes Rs 2.13 Crore Addition Under Section 68, Grants Major Tax Relief:
Delhi ITAT deletes Rs 2.13 crore Section 68 addition after finding that the loan transactions were supported by sufficient evidence and routed through banking channels.
ITAT Deletes Rs 2.13 Crore Section 68 Addition
Vanshika verma
Jul 26, 2026Premium
ITAT Deletes Rs 2.13 Crore Addition Under Section 68, Grants Major Tax Relief
Delhi ITAT deletes Rs 2.13 crore Section 68 addition after finding that the loan transactions were supported by sufficient evidence and routed through banking channels.
Also Read
ITAT Rules Reassessment Proceedings Invalid After Finding Section 148 Notice Issued Beyond Three Years Without Meeting Rs 50 Lakh Escaped-Income ThresholdITAT Rules Reassessment Notice Issued by ITO Invalid for Taxpayer With Income Above Rs 20 Lakh, Holds Proceedings Void Ab InitioITAT Rules Bank Loan Principal Waiver Not Taxable Under Sections 28(iv) or 41(1)GSTAT Quashes Rs 1.38 Lakh E-Way Bill Penalty, Holds Penalty Order Beyond 7-Day Limit Under Section 129(3) Is Illegal
About Author
Vanshika verma
Content Writer
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
1792My Recent Articles
- ITAT Rules Reassessment Proceedings Invalid After Finding Section 148 Notice Issued Beyond Three Years Without Meeting Rs 50 Lakh Escaped-Income ThresholdPremium
- Woman Tax Consultant Held for Rs 66 Lakh Fraud Using Fake Income Tax Receipts
- ITAT Rules Reassessment Notice Issued by ITO Invalid for Taxpayer With Income Above Rs 20 Lakh, Holds Proceedings Void Ab InitioPremium
- ITAT Sets Aside CIT(A) Order Over Failure to Obtain AO’s Remand Report on Additional Evidence; Matter Sent Back for Fresh AdjudicationPremium
- ITAT Quashes Rs 37.71 Lakh Tax Assessment After ITO Issues Section 143(2) Notice Despite CBDT Jurisdictional LimitsPremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts