Loan Addition Sent Back to AO as Repayment Documents Required Verification

Saroj Agarwal Vs ACIT (ITAT Delhi) The appeal arose from the order dated 25.11.2025 passed under Section 250 of the Income Tax Act, 1961 by the Addl./JCIT(Appeals)-2, Surat. The dispute related to loans amounting to Rs.41,00,000 received by the assessee from five persons. During assessment proceedings, the Assessing Officer examined the documents and accepted the loans received from Abdul Rahuf and Shubham Agarwal. However, loan amounts received from Faeem Ahmad, Firojali, and Waseem aggregating to Rs.24,00,000 were added under Section 68 of the Act. The assessee challenged the addition before...