https://www.taxtmi.com/highlights?id=29396 Revision u/s 263 - AO neither examined the genuineness of loans, its creditworthiness, in the light of applicability of section 68 of the Act. Taking fresh loan by the assessee was not even contradicted by the assessee - Revision upheld being the order is erroneous and prejudicial to the interest of the Revenue - AT en-us Tue, 24 May 2016 10:30:05 +0530 Tue, 24 May 2016 10:30:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29396 Revision u/s 263 - AO neither examined the genuineness of loans, its creditworthiness, in the light of applicability of section 68 of the Act. Taking fresh loan by the assessee was not even contradicted by the assessee - Revision upheld being the order is erroneous and prejudicial to the interest of the Revenue - AT Highlights Income Tax Tue, 24 May 2016 10:30:05 +0530 https://www.taxtmi.com/highlights?id=29396