https://www.taxtmi.com/caselaws?id=116932 The Tribunal overturned the decision of the revenue authorities and ruled in favor of the assessee. The Tribunal found that the assessee adequately explained the source of cash as loans supported by creditor confirmations and repayment details. Criticizing the revenue authorities for lack of thorough investigation and concrete evidence, the Tribunal deleted the addition of Rs. 53,434 as undisclosed income, setting aside the CIT(A)'s order and allowing the assessee's appeal. en-us Fri, 18 Jul 2003 00:00:00 +0530 Tue, 19 Jun 2012 10:12:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116932 The Tribunal overturned the decision of the revenue authorities and ruled in favor of the assessee. The Tribunal found that the assessee adequately explained the source of cash as loans supported by creditor confirmations and repayment details. Criticizing the revenue authorities for lack of thorough investigation and concrete evidence, the Tribunal deleted the addition of Rs. 53,434 as undisclosed income, setting aside the CIT(A)'s order and allowing the assessee's appeal. Case-Laws Income Tax Fri, 18 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116932