https://www.taxtmi.com/caselaws?id=62087 The Appellate Tribunal ITAT Cochin allowed the appeal for the year 1963-64, dismissing appeals for 1961-62 and 1964-65. The Tribunal upheld the addition of Rs. 1,05,000 for 1963-64 due to insufficient evidence on loans. The Tribunal found the assessing officer justified in questioning loan genuineness. The addition of Rs. 75,000 for 1964-65 was deleted, considering a prior year's bogus loan. The protective assessment for 1961-62 was canceled. The cross objection of the assessee was dismissed. en-us Sun, 28 Sep 1975 00:00:00 +0530 Tue, 18 Jan 2011 10:38:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62087 The Appellate Tribunal ITAT Cochin allowed the appeal for the year 1963-64, dismissing appeals for 1961-62 and 1964-65. The Tribunal upheld the addition of Rs. 1,05,000 for 1963-64 due to insufficient evidence on loans. The Tribunal found the assessing officer justified in questioning loan genuineness. The addition of Rs. 75,000 for 1964-65 was deleted, considering a prior year's bogus loan. The protective assessment for 1961-62 was canceled. The cross objection of the assessee was dismissed. Case-Laws Income Tax Sun, 28 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62087