AdvertisementDCIT Vs Mahavir Pulses Pvt. Ltd. (ITAT Delhi) Delhi ITAT: Repayment of Unsecured Loan Through Banking Channels Rebuts Allegation of Accommodation Entry; Section 68 Addition Deleted The Delhi ITAT dismissed the Revenue’s appeals and upheld the deletion of additions under sections 68 and 69C, holding that where an unsecured loan is duly supported by documentary evidence and is subsequently repaid with interest through banking channels, the allegation that it is merely an accommodation entry cannot be sustained on suspicion alone. The Revenue had challenged the CIT(A)’s order deleti...