https://www.taxtmi.com/caselaws?id=260711 The Tribunal upheld the First Appellate Authority's decision, confirming the addition of Rs. 36 lakhs under Section 68 of the Income Tax Act, 1961, and the restricted disallowance of interest paid to certain unsecured loan creditors. Both the assessee's and the Assessing Officer's appeals were dismissed. The Tribunal stressed the significance of conducting specific enquiries, presenting corroborative evidence, and fulfilling the burden of proof in cases related to Section 68. en-us Wed, 10 Jun 2015 00:00:00 +0530 Sat, 20 Jun 2015 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260711 The Tribunal upheld the First Appellate Authority's decision, confirming the addition of Rs. 36 lakhs under Section 68 of the Income Tax Act, 1961, and the restricted disallowance of interest paid to certain unsecured loan creditors. Both the assessee's and the Assessing Officer's appeals were dismissed. The Tribunal stressed the significance of conducting specific enquiries, presenting corroborative evidence, and fulfilling the burden of proof in cases related to Section 68. Case-Laws Income Tax Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260711