Advance for Flat or Accommodation Loan? ITAT Remands Section 68 Addition

Bhavika Ravi Sukhija Vs ACIT (ITAT Mumbai) Advance for Flat or Accommodation Loan? ITAT Mumbai Remands Section 68 Addition to AO for Fresh Examination with One Final Opportunity ITAT Mumbai (B Bench) in Bhavika Ravi Sukhija vs ACIT (ITA No. 5220/Mum/2025, AY 2016-17, order dated 24.12.2025) has set aside the additions of ₹20 lakh u/s 68 and ₹60,000 u/s 69C and restored the matter to the Assessing Officer for de-novo adjudication, granting the assessee one final opportunity to establish the true nature of the receipt. The case arose out of search u/s 132 in the Ashish Begwani group, alleged...