https://www.taxtmi.com/caselaws?id=219170 The Tribunal upheld the CIT(A)'s decision to delete the Rs. 75,25,000 addition made by the AO under Section 68 of the Income Tax Act. The Tribunal found no Rule 46A violation and determined that the assessee had adequately proven the authenticity of the loans. As a result, the Department's appeal was dismissed. en-us Fri, 20 Jul 2012 00:00:00 +0530 Thu, 20 Sep 2012 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219170 The Tribunal upheld the CIT(A)'s decision to delete the Rs. 75,25,000 addition made by the AO under Section 68 of the Income Tax Act. The Tribunal found no Rule 46A violation and determined that the assessee had adequately proven the authenticity of the loans. As a result, the Department's appeal was dismissed. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219170