https://www.taxtmi.com/caselaws?id=213697 The High Court set aside the Income Tax Appellate Tribunal's decision to increase the addition under Section 56(2)(v) of the Income Tax Act, remitting the case for fresh consideration. The appellant was granted the opportunity to provide evidence of loan repayment, with the Tribunal instructed to review all facts and circumstances before making a decision. The case was sent back to the Tribunal for further proceedings. en-us Wed, 30 May 2012 00:00:00 +0530 Fri, 01 Jun 2012 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213697 The High Court set aside the Income Tax Appellate Tribunal's decision to increase the addition under Section 56(2)(v) of the Income Tax Act, remitting the case for fresh consideration. The appellant was granted the opportunity to provide evidence of loan repayment, with the Tribunal instructed to review all facts and circumstances before making a decision. The case was sent back to the Tribunal for further proceedings. Case-Laws Income Tax Wed, 30 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213697