ITAT Reduces Section 69C Addition from Rs 2 lakh to Rs 1 lakh, Holds Cheque Payment Cannot Be Treated as Unexplained on Assumptions:
ITAT deletes Rs 2 lakh addition, reduces Section 69C addition to Rs 1 lakh, but upholds Rs 3.5 lakh Section 68 addition.
ITAT Upholds Rs 3.5 Lakh Section 68 Addition Over Taxpayer's Failure to Prove Loan Genuineness
Saloni Kumari
Aug 12, 2026Premium
ITAT Reduces Section 69C Addition from Rs 2 lakh to Rs 1 lakh, Holds Cheque Payment Cannot Be Treated as Unexplained on Assumptions
ITAT deletes Rs 2 lakh addition, reduces Section 69C addition to Rs 1 lakh, but upholds Rs 3.5 lakh Section 68 addition.
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About Author
Saloni Kumari
Content Writer
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].
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].
StudyCafe
Delhi, Delhi, India
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