https://www.taxtmi.com/caselaws?id=70541 The Tribunal concluded that the assessee had reasonably proved the genuineness of the Hundi loans through evidence such as cheques, interest payments, and initial confirmations from the bankers. The Tribunal deleted the additions made by the ITO and allowed the payment of interest by the assessee to the Hundi bankers for all years under appeal. The assessee's appeals were allowed, and the Department's appeals were dismissed. en-us Mon, 31 Jul 1978 00:00:00 +0530 Sat, 16 Apr 2011 16:28:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70541 The Tribunal concluded that the assessee had reasonably proved the genuineness of the Hundi loans through evidence such as cheques, interest payments, and initial confirmations from the bankers. The Tribunal deleted the additions made by the ITO and allowed the payment of interest by the assessee to the Hundi bankers for all years under appeal. The assessee's appeals were allowed, and the Department's appeals were dismissed. Case-Laws Income Tax Mon, 31 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70541