https://www.taxtmi.com/caselaws?id=247263 The Tribunal allowed the appeal of the assessee, ruling in favor of the assessee on both issues. The addition of an unsecured loan from M/s. Kundan Traders was deemed genuine as the assessee provided sufficient evidence of the transaction's legitimacy. The disallowance of interest payments for business purposes was also overturned, considering previous rulings and deletions by the CIT(A). en-us Fri, 02 May 2014 00:00:00 +0530 Wed, 07 May 2014 09:09:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247263 The Tribunal allowed the appeal of the assessee, ruling in favor of the assessee on both issues. The addition of an unsecured loan from M/s. Kundan Traders was deemed genuine as the assessee provided sufficient evidence of the transaction's legitimacy. The disallowance of interest payments for business purposes was also overturned, considering previous rulings and deletions by the CIT(A). Case-Laws Income Tax Fri, 02 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247263