https://www.taxtmi.com/caselaws?id=246110 The Tribunal remanded the case to the Assessing Officer for fresh adjudication, directing the assessee to substantiate claims and provide necessary evidence regarding unsecured loans totaling Rs. 1,23,50,000 from multiple entities. The Tribunal emphasized the assessee's burden to prove the source of received money and the insufficiency of transactions by cheque alone as proof. Both cross-appeals were allowed for statistical purposes only, with the deletion of Rs. 25,00,000 addition u/s 68 partially restricted to Rs. 98,50,000 by the ld. CIT(A). en-us Mon, 07 Apr 2014 00:00:00 +0530 Thu, 17 Apr 2014 06:23:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246110 The Tribunal remanded the case to the Assessing Officer for fresh adjudication, directing the assessee to substantiate claims and provide necessary evidence regarding unsecured loans totaling Rs. 1,23,50,000 from multiple entities. The Tribunal emphasized the assessee's burden to prove the source of received money and the insufficiency of transactions by cheque alone as proof. Both cross-appeals were allowed for statistical purposes only, with the deletion of Rs. 25,00,000 addition u/s 68 partially restricted to Rs. 98,50,000 by the ld. CIT(A). Case-Laws Income Tax Mon, 07 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246110