ITAT Deletes Rs 6.14 Crore Addition, Holds Assessee is Not Required to Prove Source of Loan Creditor:

The ITAT Mumbai upheld the order of the National Faceless Appeal Centre (NFAC) deleting an addition of Rs 6.14 crore made under Section 68 of the Income Tax Act

Tribunal Rejects Revenue’s General Allegations of Accommodation Entries Without Adverse Material

Saloni Kumari

Jun 2, 2026

Last update on Jul 23, 2026

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ITAT Deletes Rs 6.14 Crore Addition, Holds Assessee is Not Required to Prove Source of Loan Creditor

The ITAT Mumbai upheld the order of the National Faceless Appeal Centre (NFAC) deleting an addition of Rs 6.14 crore made under Section 68 of the Income Tax Act

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Saloni Kumari

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Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].