https://www.taxtmi.com/caselaws?id=187258 The Tribunal allowed the appeal, deleting the addition of Rs. 2,70,000 and the disallowance of interest on unexplained cash credits. It held that the assessee had proven the source of the loans from minors unrelated to the firm, accepted under the Amnesty Scheme. The Tribunal found no basis to treat the amount as undisclosed income, emphasizing the revenue's failure to establish a connection between the declared income and the assessee. en-us Fri, 28 Jan 2000 00:00:00 +0530 Sat, 15 Oct 2016 18:21:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187258 The Tribunal allowed the appeal, deleting the addition of Rs. 2,70,000 and the disallowance of interest on unexplained cash credits. It held that the assessee had proven the source of the loans from minors unrelated to the firm, accepted under the Amnesty Scheme. The Tribunal found no basis to treat the amount as undisclosed income, emphasizing the revenue's failure to establish a connection between the declared income and the assessee. Case-Laws Income Tax Fri, 28 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187258