No Unexplained Income When Farmer Loan Repayments in SBN Fully Recorded in Books: ITAT Ahmedabad

ITO Vs Chikhodara Sewa Sahakari Mandali Ltd. (ITAT Ahmedabad) The Revenue filed an appeal before the Income Tax Appellate Tribunal (ITAT), Ahmedabad, challenging the order dated 03.06.2025 passed by the Commissioner of Income-Tax (Appeals), NFAC, for Assessment Year 2017-18. The sole issue was whether the CIT(A) erred in deleting an addition of ₹93,75,500/- made by the Assessing Officer under Section 68 of the Income-tax Act, 1961, on account of acceptance of Specified Bank Notes (SBNs) during the demonetization period. The assessee is a cooperative society registered under the Gujarat Coope...