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of <h1>Tribunal Overturns CIT Order: Unsecured Loan Addition of Rs 8.16 Crore Struck Down Due to Lack of Evidence for 2013-14.</h1> <h3>M/s. Airwil India Limited Versus DCIT, Central Circle, Noida.</h3> M/s. Airwil India Limited Versus DCIT, Central Circle, Noida. - TMI The appeal was filed against the order of the CIT (Appeals)-IV, Kanpur dated 19.11.2018 for the assessment year 2013-14. The addition of unsecured loan of Rs. 8,16,50,000/- was made without any incriminating material, leading to the decision in favor of the assessee. The appeal was allowed by the ITAT Delhi on July 9, 2024.
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