ITAT Remands ₹40 Lakh Unsecured Loan Addition for De Novo AO Assessment

Asha Gupta Vs ACIT (ITAT Delhi)

Income Tax Appellate Tribunal (ITAT), Delhi bench, has set aside an order by the Commissioner of Income Tax (Appeals) [CIT(A)] and remanded the case of Asha Gupta back to the Assessing Officer (AO) for a fresh adjudication regarding an addition of Rs. 40 lakhs made under Section 68 of the Income Tax Act, 1961. The Tribunal’s decision, pronounced on June 27, 2025, emphasizes the need for a comprehensive analysis of facts and a proper opportunity for the assessee to present evidence.

Background of the Addition

The c

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