https://www.taxtmi.com/caselaws?id=208804 The Court dismissed the appeal, ruling that the amount received as a short-term loan, which was duly repaid, did not constitute income under section 56(2)(v) of the Income Tax Act, 1961. Therefore, no substantial question of law arose from the facts and circumstances of the case, leading to the dismissal of the appeal. en-us Wed, 06 Oct 2010 00:00:00 +0530 Thu, 01 Sep 2016 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208804 The Court dismissed the appeal, ruling that the amount received as a short-term loan, which was duly repaid, did not constitute income under section 56(2)(v) of the Income Tax Act, 1961. Therefore, no substantial question of law arose from the facts and circumstances of the case, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 06 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208804