https://www.taxtmi.com/caselaws?id=68297 The appeals by the Department in the cases of Shri Bal Mukand Parihar and Swami Complex (P) Ltd. were dismissed, with the disallowance of interest on borrowed capital and addition of unexplained cash credits being deleted, respectively. Additionally, the appeal by K.S. Apparels (P) Ltd. was allowed, directing the deletion of the sustained addition under section 69 for unexplained investment. The Tribunal emphasized the importance of positive evidence in determining fair market value and highlighted the necessity of verifying creditor confirmations in cases of unexplained cash credits. en-us Thu, 31 May 2007 00:00:00 +0530 Tue, 05 Sep 2017 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68297 The appeals by the Department in the cases of Shri Bal Mukand Parihar and Swami Complex (P) Ltd. were dismissed, with the disallowance of interest on borrowed capital and addition of unexplained cash credits being deleted, respectively. Additionally, the appeal by K.S. Apparels (P) Ltd. was allowed, directing the deletion of the sustained addition under section 69 for unexplained investment. The Tribunal emphasized the importance of positive evidence in determining fair market value and highlighted the necessity of verifying creditor confirmations in cases of unexplained cash credits. Case-Laws Income Tax Thu, 31 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68297