Loan Addition Deleted Because Amount Was Repaid in Same Year

Mirabelle Tradecomm Private Limited Vs ITO (ITAT Kolkata) Loan Squared Up in Same Year Can’t Be Branded Bogus: Kolkata ITAT Deletes ₹8 Lakh u/s 68 Despite ‘High Risk’ Tag Kolkata ITAT ‘SMC’ Bench in Mirabelle Tradecomm Pvt. Ltd. Vs. ITO [ITA No. 1946/KOL/2025, AY 2018-19, order dated 31.12.2025] allowed Assessee’s appeal and deleted addition of ₹8,00,000 made u/s 68 and taxed u/s 115BBE. Assessee-company, engaged in investment and lending activities, had received unsecured loan from M/s Dumpy Suppliers Pvt. Ltd., which was flagged as a “high-risk” transaction under Insight...