{"id":63776,"date":"2026-08-04T18:39:09","date_gmt":"2026-08-04T13:09:09","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-southwinds-project-llp-2025-124-itr-292-kol-trib\/"},"modified":"2026-08-04T18:39:09","modified_gmt":"2026-08-04T13:09:09","slug":"dy-cit-v-southwinds-project-llp-2025-124-itr-292-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-southwinds-project-llp-2025-124-itr-292-kol-trib\/","title":{"rendered":"Dy. CIT v. Southwinds Project LLP (2025) 124 ITR 292 (Kol.)(Trib.)"},"content":{"rendered":"<p>The assessee produced confirmations and bank statements showing repayment of the unsecured loans through banking channels in the subsequent assessment year, and such repayments had been accepted by the Department without any adverse addition. The Tribunal held that the additions towards unexplained loans under section 68 and the ad hoc additions towards alleged brokerage and cash interest under section 69C were unsupported by evidence and could not be sustained. (AY. 2013-14).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68: Cash credits-Unsecured loans-Repayment through banking channels accepted in subsequent year-Addition of loans, commission and interest deleted.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-63776","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gAE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=63776"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63776\/revisions"}],"predecessor-version":[{"id":63777,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63776\/revisions\/63777"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=63776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=63776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=63776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}