https://www.taxtmi.com/caselaws?id=187215 The appellate tribunal upheld the CIT(A)'s decision to delete the addition of income under section 68, citing the adequacy of confirmatory letters and the proper admission of additional evidence. The tribunal emphasized the necessity of verifying loan transactions and assessing loan creditors' capacity, ultimately dismissing the Revenue's appeals. en-us Wed, 31 Oct 2001 00:00:00 +0530 Fri, 14 Oct 2016 12:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187215 The appellate tribunal upheld the CIT(A)'s decision to delete the addition of income under section 68, citing the adequacy of confirmatory letters and the proper admission of additional evidence. The tribunal emphasized the necessity of verifying loan transactions and assessing loan creditors' capacity, ultimately dismissing the Revenue's appeals. Case-Laws Income Tax Wed, 31 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187215