https://www.taxtmi.com/caselaws?id=242718 The ITAT allowed the appeal regarding the addition of Rs. 45 lakhs as unexplained cash credit, directing the AO to delete the addition. However, the appeal concerning the disallowance of interest payment of Rs. 4.20 lakhs was dismissed, upholding the decision of the lower authorities. The charging of interest under Sections 234B and 234C was directed to be adjusted consequentially. The appeal was partly allowed. en-us Fri, 12 Jul 2013 00:00:00 +0530 Sun, 19 Jan 2014 09:49:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242718 The ITAT allowed the appeal regarding the addition of Rs. 45 lakhs as unexplained cash credit, directing the AO to delete the addition. However, the appeal concerning the disallowance of interest payment of Rs. 4.20 lakhs was dismissed, upholding the decision of the lower authorities. The charging of interest under Sections 234B and 234C was directed to be adjusted consequentially. The appeal was partly allowed. Case-Laws Income Tax Fri, 12 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242718