https://www.taxtmi.com/caselaws?id=69971 The case involved the applicability of Section 69D of the Income-tax Act, 1961 to borrowings on hundis and whether instruments written in English on Government hundi stamp papers are considered hundis under Section 69D. The Tribunal, through its Third Member, resolved the dispute by upholding the Commissioner (Appeals)'s decision to delete the addition made by the Income Tax Officer, following the Tribunal's earlier decision in the assessee's own case. The Third Member emphasized the importance of maintaining consistency in decisions on identical issues and ruled in favor of the assessee, disposing of the appeal accordingly. en-us Thu, 20 Dec 1984 00:00:00 +0530 Wed, 13 Apr 2011 11:32:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69971 The case involved the applicability of Section 69D of the Income-tax Act, 1961 to borrowings on hundis and whether instruments written in English on Government hundi stamp papers are considered hundis under Section 69D. The Tribunal, through its Third Member, resolved the dispute by upholding the Commissioner (Appeals)'s decision to delete the addition made by the Income Tax Officer, following the Tribunal's earlier decision in the assessee's own case. The Third Member emphasized the importance of maintaining consistency in decisions on identical issues and ruled in favor of the assessee, disposing of the appeal accordingly. Case-Laws Income Tax Thu, 20 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69971