https://www.taxtmi.com/caselaws?id=240467 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on unsecured loans, interest payment, and cash deposit issues. The Tribunal stressed the need for thorough inquiries by the AO to verify creditworthiness and transaction sources, in line with the Income Tax Act. en-us Fri, 18 Oct 2013 00:00:00 +0530 Thu, 05 Dec 2013 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240467 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on unsecured loans, interest payment, and cash deposit issues. The Tribunal stressed the need for thorough inquiries by the AO to verify creditworthiness and transaction sources, in line with the Income Tax Act. Case-Laws Income Tax Fri, 18 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240467