https://www.taxtmi.com/caselaws?id=70212 The Appellate Tribunal ITAT MADRAS-C ruled in a case concerning the interpretation of Section 69D of the Income Tax Act that the documents executed by the assessee did not qualify as hundi transactions. The Tribunal upheld the decision of the Additional Commissioner of Income Tax (AAC) who had deleted the addition made by the Income Tax Officer (ITO), concluding that the instruments in question, being in English and lacking essential hundi characteristics, could not be classified as hundies under Section 69D. As a result, the departmental appeal was dismissed, affirming that Section 69D was not applicable in this scenario. en-us Sat, 27 Mar 1982 00:00:00 +0530 Thu, 14 Apr 2011 18:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70212 The Appellate Tribunal ITAT MADRAS-C ruled in a case concerning the interpretation of Section 69D of the Income Tax Act that the documents executed by the assessee did not qualify as hundi transactions. The Tribunal upheld the decision of the Additional Commissioner of Income Tax (AAC) who had deleted the addition made by the Income Tax Officer (ITO), concluding that the instruments in question, being in English and lacking essential hundi characteristics, could not be classified as hundies under Section 69D. As a result, the departmental appeal was dismissed, affirming that Section 69D was not applicable in this scenario. Case-Laws Income Tax Sat, 27 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70212