https://www.taxtmi.com/caselaws?id=234023 The tribunal partly allowed the appeal, deleting the additions related to the creditor and unsecured loans based on the satisfactory evidence provided by the assessee. The disallowance of stamp paper expenditure was upheld due to lack of proper justification for the expenditure. The addition under section 68 in the name of a creditor was deleted after establishing the loan transaction's genuineness and the creditor's creditworthiness. Similarly, the addition on account of unsecured loans was deleted as sufficient evidence proving the identity, creditworthiness, and genuineness of the loan transactions was presented. en-us Fri, 10 May 2013 00:00:00 +0530 Sat, 25 May 2013 17:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234023 The tribunal partly allowed the appeal, deleting the additions related to the creditor and unsecured loans based on the satisfactory evidence provided by the assessee. The disallowance of stamp paper expenditure was upheld due to lack of proper justification for the expenditure. The addition under section 68 in the name of a creditor was deleted after establishing the loan transaction's genuineness and the creditor's creditworthiness. Similarly, the addition on account of unsecured loans was deleted as sufficient evidence proving the identity, creditworthiness, and genuineness of the loan transactions was presented. Case-Laws Income Tax Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234023