Loan Through Banking Channels Cannot Be Treated Bogus: ITAT Mumbai:
ITAT Mumbai deletes Section 68 addition after accepting documentary proof supporting unsecured loan transaction.
Tribunal Accepts Bank Statements, Confirmations And Income Tax Records As Sufficient
Meetu Kumari
May 30, 2026
Premium
Loan Through Banking Channels Cannot Be Treated Bogus: ITAT Mumbai
ITAT Mumbai deletes Section 68 addition after accepting documentary proof supporting unsecured loan transaction.
Also Read
ITAT Allows Section 80G Deduction on CSR Donations to Eligible Charitable EntitiesITAT Sends Rs 1.26 Crore Income Tax Dispute Back to Assessing Officer After Taxpayer Seeks Fresh Opportunity to Submit EvidenceITAT Remands Dispute of Addition Solely Based on Third-Party Statement and Without Establishing Any Nexus for Fresh AdjudicationITAT Restores Appeal Against Rs 42 Lakh Cash Deposit Addition for Fresh Adjudication
About Author
Meetu Kumari
Content Manager
Meetu Kumari is an Experienced Advocate and Content Writer with 4+ years of demonstrated history of working in the law practice industry. Skilled in Developing Content, Researching, and Drafting. Strong professional with a Bachelor of Science (B.Sc.) focused on Law from Gujarat National Law University.
Meetu Kumari is an Experienced Advocate and Content Writer with 4+ years of demonstrated history of working in the law practice industry. Skilled in Developing Content, Researching, and Drafting. Strong professional with a Bachelor of Science (B.Sc.) focused on Law from Gujarat National Law University.
Studycafe
Jodhpur, Rajasthan, India
2264My Recent Articles
- ITAT Condones 302-Day Delay, Restores Salary Assessment for Fresh VerificationPremium
- ITAT Condones Delay After Tax Consultant's Death, Restores Appeals for Fresh HearingPremium
- ITAT Remands Salary Addition, Says Taxability Depends on Salary Becoming Due, Not Mere ReceiptPremium
- ITAT Deletes TP Royalty Adjustment, Orders Fresh Review of Commission BenchmarkingPremium
- ITAT Quashes Reassessment Over Unsigned Section 148 Notice Issued to AssesseePremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts