https://www.taxtmi.com/caselaws?id=173118 The HC dismissed the revenue's appeal, affirming the Tribunal's decision to uphold the deletion of the addition of unsecured loans as undisclosed income under section 68 of the Income-tax Act. The HC agreed that the assessee had sufficiently established the identity and creditworthiness of the creditors, and emphasized that the Tribunal's findings on factual issues are final and beyond the scope of interference under section 260A. No substantial question of law was found to arise from the Tribunal's decision, leading to the dismissal of the appeal. en-us Tue, 15 Jul 2008 00:00:00 +0530 Thu, 30 Nov 2023 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173118 The HC dismissed the revenue's appeal, affirming the Tribunal's decision to uphold the deletion of the addition of unsecured loans as undisclosed income under section 68 of the Income-tax Act. The HC agreed that the assessee had sufficiently established the identity and creditworthiness of the creditors, and emphasized that the Tribunal's findings on factual issues are final and beyond the scope of interference under section 260A. No substantial question of law was found to arise from the Tribunal's decision, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 15 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173118