https://www.taxtmi.com/caselaws?id=221044 The Tribunal allowed all appeals filed by the assessee, deleted additions made under Section 68, allowed interest expenses, and upheld the project completion method for accounting the Rs. 5 crores. The appeals by the Revenue and cross objection by the assessee were dismissed. The Tribunal found the reopening of assessment under Section 153C valid based on joint venture agreement ownership. It held that the assessee proved the genuineness of unsecured loans under Section 68 with adequate documentation, leading to the deletion of additions. en-us Fri, 07 Jan 2011 00:00:00 +0530 Thu, 31 Mar 2016 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221044 The Tribunal allowed all appeals filed by the assessee, deleted additions made under Section 68, allowed interest expenses, and upheld the project completion method for accounting the Rs. 5 crores. The appeals by the Revenue and cross objection by the assessee were dismissed. The Tribunal found the reopening of assessment under Section 153C valid based on joint venture agreement ownership. It held that the assessee proved the genuineness of unsecured loans under Section 68 with adequate documentation, leading to the deletion of additions. Case-Laws Income Tax Fri, 07 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221044