https://www.taxtmi.com/caselaws?id=119905 The Tribunal dismissed the Department's appeal and upheld the assessee's position, deleting disallowances and additions made by the AO and CIT(A). It found the disallowance of Rs. 35,77,500 unjustified, deleted the Rs. 7,77,480 renovation addition due to lack of verification, and rejected the Rs. 36,28,700 loan and Rs. 5,98,735 interest income additions, citing insufficient evidence and verification. The Tribunal underscored the importance of proper verification and evidence in such cases. en-us Tue, 26 Sep 2006 00:00:00 +0530 Tue, 05 Mar 2024 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119905 The Tribunal dismissed the Department's appeal and upheld the assessee's position, deleting disallowances and additions made by the AO and CIT(A). It found the disallowance of Rs. 35,77,500 unjustified, deleted the Rs. 7,77,480 renovation addition due to lack of verification, and rejected the Rs. 36,28,700 loan and Rs. 5,98,735 interest income additions, citing insufficient evidence and verification. The Tribunal underscored the importance of proper verification and evidence in such cases. Case-Laws Income Tax Tue, 26 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119905