Anirudh Bhimjibhai Dudhat Vs Income Tax Officer

Parties Involved

Facts Summary

The present appeal has been preferred by the assessee, Anirudh Bhimjibhai Dudhat, assailing the order dated 14.09.2025 passed by the National Faceless Appeal Centre, Delhi. The order sustained an addition made by the Assessing Officer under section 68 of the Income Tax Act, 1961, in the assessment framed under section 143(3) for the assessment year 2014–15. The Assessing Officer made an addition of ₹38,67,500/- under section 68 on account of unsecured loans allegedly received from five parties. During the assessment proceedings, the assessee could not place on record the requisite evidences to substantiate the identity, creditworthiness, and genuineness of the loan transactions. In the first appellate proceedings, the assessee furnished additional evidences, including confirmations of accounts, copies of income tax returns, balance sheets, capital accounts, and bank statements of the respective creditors. These additional evidences were admitted by the learned Commissioner (Appeals) and were forwarded to the Assessing Officer for examination and verification.…

Legal Issues

• 1. Whether the addition made by the Assessing Officer under section 68 of the Income Tax Act, 1961, is justified.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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