https://www.taxtmi.com/caselaws?id=267613 The Tribunal concluded that the additions made by the AO under section 2(24)(iv) were not sustainable. The provisions of section 2(24)(iv) were not applicable to the partnership firm (AHS Joint Venture), and the journal entry from AIPL did not result in any actual receipt of funds by the assessee. The Tribunal upheld the CIT(A)'s order deleting the additions and dismissed the Revenue's appeal. en-us Wed, 23 Sep 2015 00:00:00 +0530 Mon, 08 Aug 2022 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267613 The Tribunal concluded that the additions made by the AO under section 2(24)(iv) were not sustainable. The provisions of section 2(24)(iv) were not applicable to the partnership firm (AHS Joint Venture), and the journal entry from AIPL did not result in any actual receipt of funds by the assessee. The Tribunal upheld the CIT(A)'s order deleting the additions and dismissed the Revenue's appeal. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267613