https://www.taxtmi.com/caselaws?id=249378 The Tribunal set aside the lower authorities' orders and directed the Assessing Officer to allow the appellant a fair opportunity to present evidence regarding the addition of an unsecured loan under section 68 of the Income Tax Act. The Tribunal found that the lower authorities did not properly consider the evidence and emphasized the importance of providing a fair chance to be heard. Additionally, the Tribunal upheld the disallowance of 10% expenses for personal use of car and telephone, deeming it fair and reasonable. en-us Tue, 24 Jun 2014 00:00:00 +0530 Sat, 12 Jul 2014 17:51:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249378 The Tribunal set aside the lower authorities' orders and directed the Assessing Officer to allow the appellant a fair opportunity to present evidence regarding the addition of an unsecured loan under section 68 of the Income Tax Act. The Tribunal found that the lower authorities did not properly consider the evidence and emphasized the importance of providing a fair chance to be heard. Additionally, the Tribunal upheld the disallowance of 10% expenses for personal use of car and telephone, deeming it fair and reasonable. Case-Laws Income Tax Tue, 24 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249378