No Section 69 addition for Unsecured Loans Recorded in Husband’s Business Ledger

Kavita Samtani Vs DCIT (ITAT Jaipur) The Income Tax Appellate Tribunal (ITAT) in Jaipur has set aside the assessment order issued by the Assessing Officer (AO) and upheld by the Commissioner of Income Tax (Appeals) [CIT(A)] for Smt. Kavita Samtani, an assessee involved in a series of assessments related to financial years 2013-14 and 2015-16 through 2018-19. The decision concluded on October 22, 2024, follows a detailed examination of procedural adherence, alleged financial discrepancies, and the validity of issued notices under the Income Tax Act. Background and Appeal Details Kavita Samtani,...