https://www.taxtmi.com/caselaws?id=261240 The appeals were allowed for statistical purposes, with the Tribunal directing further verification by the AO on both the receipt and repayment of the loan. The AO is to examine the entire issue after providing a reasonable opportunity to the assessee and make a decision in accordance with the law. en-us Wed, 17 Jun 2015 00:00:00 +0530 Tue, 07 Jul 2015 06:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261240 The appeals were allowed for statistical purposes, with the Tribunal directing further verification by the AO on both the receipt and repayment of the loan. The AO is to examine the entire issue after providing a reasonable opportunity to the assessee and make a decision in accordance with the law. Case-Laws Income Tax Wed, 17 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261240