https://www.taxtmi.com/caselaws?id=67973 The ITAT partially allowed the appeal of the Revenue, confirming the addition of Rs. 30,000 as income from undisclosed sources related to a loan from Shri Chandrabhan Poddar. However, the ITAT rejected the additions concerning loans from Shri Laxmi Narain and Shri Satya Narain, deeming them genuine based on admissions, supporting documents, and repayment evidence. The ITAT concluded that the loans from Shri Laxmi Narain and Shri Satya Narain should not be treated as income from undisclosed sources. en-us Tue, 30 Jun 1987 00:00:00 +0530 Wed, 16 Mar 2011 11:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67973 The ITAT partially allowed the appeal of the Revenue, confirming the addition of Rs. 30,000 as income from undisclosed sources related to a loan from Shri Chandrabhan Poddar. However, the ITAT rejected the additions concerning loans from Shri Laxmi Narain and Shri Satya Narain, deeming them genuine based on admissions, supporting documents, and repayment evidence. The ITAT concluded that the loans from Shri Laxmi Narain and Shri Satya Narain should not be treated as income from undisclosed sources. Case-Laws Income Tax Tue, 30 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67973