https://www.taxtmi.com/caselaws?id=270619 The Tribunal partly allowed the appeal, upholding additions of Rs. 13 lakhs and Rs. 2.98 lakhs, as well as loans totaling Rs. 23 lakhs from various creditors, except for a Rs. 7 lakhs loan. The Tribunal emphasized the need for genuine transactions and doubted the credibility of keeping large sums in cash without banking facilities nearby. The decision was rendered on 18th November 2015. en-us Wed, 18 Nov 2015 00:00:00 +0530 Mon, 11 Jan 2016 11:05:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270619 The Tribunal partly allowed the appeal, upholding additions of Rs. 13 lakhs and Rs. 2.98 lakhs, as well as loans totaling Rs. 23 lakhs from various creditors, except for a Rs. 7 lakhs loan. The Tribunal emphasized the need for genuine transactions and doubted the credibility of keeping large sums in cash without banking facilities nearby. The decision was rendered on 18th November 2015. Case-Laws Income Tax Wed, 18 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270619