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2023 (3) TMI 1044 - ITAT SURATAddition u/s 68 - unsecured loan - addition made towards the said loan treating the same as unexplained was not warranted, hence deleted the addition - HELD THAT:- We note that loan and advance is getting reflected in the Individual Balance Sheet as well as in the balance sheet of M/s Shri Kuberji Developers therefore, it is not a case that assessee has concealed the details of such loan. Based on this factual position, we do not find any infirmity in the order of ld CIT(A). That being so, we decline to interfere with the order of Id. CIT(A) in deleting the aforesaid addition. His order on this addition is, therefore, upheld and the grounds of appeal of the Revenue are dismissed.
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