Banking Trail Alone Not Enough: Two Loans Face Fresh U/s 68 Probe

DCIT Vs R B & Co. (ITAT Surat) Repaid Loans Pass Muster; Outstanding Ones Face Fresh Test- Section 68 Split Verdict: Two Loans Upheld, Two Sent Back for Fresh Probe Section 68 Isn’t All-or-Nothing: ITAT Draws the Line-  Proof Matters: Two Credits Cleared, Two Reopened In DCIT vs. R B & Co. (ITA No. 700/SRT/2025, AY 2017-18; order dated 29-12-2025), the Surat Bench of ITAT delivered a mixed ruling on deletion of ₹1,01,49,000 u/s 68. The AO had treated loans from four parties as unexplained. The Ld. CIT(A) deleted the entire addition after admitting additional evidence and obtaining...