ITAT Holds Cash Loan Cannot Be Added as Taxable Income Once Revenue Treats it as Loan :
The ITAT Mumbai held that alleged violation of Section 269SS can attract only penalty under Section 271D and not income tax addition.
ITAT deletes Rs 10 lakh addition
Saima
Jul 10, 2026
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ITAT Holds Cash Loan Cannot Be Added as Taxable Income Once Revenue Treats it as Loan
The ITAT Mumbai held that alleged violation of Section 269SS can attract only penalty under Section 271D and not income tax addition.
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Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
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