https://www.taxtmi.com/caselaws?id=120472 The appeal by the revenue was partly allowed. The Tribunal upheld the addition of Rs. 11 lakhs as the assessee's income from undisclosed sources, modifying it to be added under Section 69A instead of Section 68. The Tribunal also upheld the CIT(A)'s decision to grant relief of Rs. 54,905 for interest paid, finding no nexus between the interest-free loans given and the loan from Smt. Anju Agarwal. en-us Fri, 18 Jul 2008 00:00:00 +0530 Thu, 20 Jun 2024 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120472 The appeal by the revenue was partly allowed. The Tribunal upheld the addition of Rs. 11 lakhs as the assessee's income from undisclosed sources, modifying it to be added under Section 69A instead of Section 68. The Tribunal also upheld the CIT(A)'s decision to grant relief of Rs. 54,905 for interest paid, finding no nexus between the interest-free loans given and the loan from Smt. Anju Agarwal. Case-Laws Income Tax Fri, 18 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120472