https://www.taxtmi.com/caselaws?id=71324 The Tribunal partially allowed the appeals, upholding the assessee's challenge against additions under Section 69D, determining that the borrowings did not fall within the purview of Section 69D. For the additions under Section 69C, the Tribunal remitted the matter to the AO for fresh consideration, emphasizing the necessity of specific evidence regarding interest payments. The Tribunal did not extensively address the applicability of Section 153C or the liability to pay interest under Sections 234A and 234B. en-us Tue, 30 Dec 2008 00:00:00 +0530 Fri, 22 Apr 2011 16:54:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71324 The Tribunal partially allowed the appeals, upholding the assessee's challenge against additions under Section 69D, determining that the borrowings did not fall within the purview of Section 69D. For the additions under Section 69C, the Tribunal remitted the matter to the AO for fresh consideration, emphasizing the necessity of specific evidence regarding interest payments. The Tribunal did not extensively address the applicability of Section 153C or the liability to pay interest under Sections 234A and 234B. Case-Laws Income Tax Tue, 30 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71324