You will have to be a bit more specific in your query. You have written that the amount stands credited, which means your party is the debtor and has taken the loan? Is the party you are referring to a company (pvt ltd or ltd). In case it is a partnership or a proprietorship concern then there is no requirement of audit, so no case of an audit issue will arise. In case the party is covered under tax audit, then clause 18 of Form 3CD will need to list this transaction, but still, there cannnot be audit issue as such. Yes, the ITO in the past have raised issues of foregone interest, etc, but in most cases have been overruled on appeal. If you need to discuss this further in details, then please reply at my blog at empowertheloser.com where I have posted this reply as well for future discussion thread.