https://www.taxtmi.com/caselaws?id=246779 The High Court of Madhya Pradesh dismissed the appeals filed by the department challenging concurrent orders passed by the Commissioner of Income Tax (Appeals) and the Tribunal for the assessment years 2009-10 and 2008-09. The Tribunal's decisions to partly allow the department's appeals and dismiss the assessee's appeal were upheld. The Tribunal's findings on additions under Section 69D for Hundi loans and Section 69C were supported, with no substantial evidence found to support the Assessing Officer's additions. The High Court found no error of law in the Tribunal's reasoning, leading to the dismissal of both appeals. en-us Wed, 19 Mar 2014 00:00:00 +0530 Tue, 22 Apr 2014 06:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246779 The High Court of Madhya Pradesh dismissed the appeals filed by the department challenging concurrent orders passed by the Commissioner of Income Tax (Appeals) and the Tribunal for the assessment years 2009-10 and 2008-09. The Tribunal's decisions to partly allow the department's appeals and dismiss the assessee's appeal were upheld. The Tribunal's findings on additions under Section 69D for Hundi loans and Section 69C were supported, with no substantial evidence found to support the Assessing Officer's additions. The High Court found no error of law in the Tribunal's reasoning, leading to the dismissal of both appeals. Case-Laws Income Tax Wed, 19 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246779