https://www.taxtmi.com/caselaws?id=181771 The Tribunal upheld the deletion of the addition of Rs. 10,00,000/- under section 68 of the Income Tax Act, 1961. The appeal by the Revenue challenging the deletion was dismissed, affirming the decision of the Learned Commissioner of Income Tax(Appeals). The Tribunal found that the loans in question were transacted through account payee cheques, and there was insufficient evidence to prove the loans were non-genuine, leading to the dismissal of the Revenue's appeal. en-us Fri, 14 May 2010 00:00:00 +0530 Wed, 16 Aug 2023 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181771 The Tribunal upheld the deletion of the addition of Rs. 10,00,000/- under section 68 of the Income Tax Act, 1961. The appeal by the Revenue challenging the deletion was dismissed, affirming the decision of the Learned Commissioner of Income Tax(Appeals). The Tribunal found that the loans in question were transacted through account payee cheques, and there was insufficient evidence to prove the loans were non-genuine, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 14 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181771