Section 68 Addition Deleted as Unsecured Loans Were Repaid Subsequently

ACIT Vs SRKM Steel (P) Ltd. (ITAT Guwahati) Loan Repayment Seals Genuineness: Guwahati ITAT Upholds Deletion of ₹2.86 Cr 68 Addition on Unsecured Loans Guwahati ITAT, Guwahati Bench, in ACIT Vs SRKM Steel (P) Ltd. (ITA No.168/GTY/2020; AY 2017-18; order dated 15-12-2025), dismissed the Revenue’s appeal and upheld the deletion of ₹2,86,21,750 added u/s 68 on account of unsecured loans and related interest. The assessee had received unsecured loans aggregating ₹2.82 crore from various corporate lenders and paid interest of ₹4.21 lakh. During assessment, the AO doubted the creditworthin...