https://www.taxtmi.com/caselaws?id=185370 The Tribunal upheld the deletion of an addition of Rs. 87,493 disallowed by the Assessing Officer for interest, as the borrowed funds were shown to be used for business purposes. Additionally, the Tribunal affirmed the deletion of an addition of Rs. 25,00,000 for unaccounted cash found during a search, as the cash was found to be properly recorded in the Mumbai Office's cash book and supported by evidence, overturning the Assessing Officer's decision based on doubts and suspicion. en-us Fri, 03 Sep 2010 00:00:00 +0530 Wed, 10 Aug 2016 15:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185370 The Tribunal upheld the deletion of an addition of Rs. 87,493 disallowed by the Assessing Officer for interest, as the borrowed funds were shown to be used for business purposes. Additionally, the Tribunal affirmed the deletion of an addition of Rs. 25,00,000 for unaccounted cash found during a search, as the cash was found to be properly recorded in the Mumbai Office's cash book and supported by evidence, overturning the Assessing Officer's decision based on doubts and suspicion. Case-Laws Income Tax Fri, 03 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185370