https://www.taxtmi.com/caselaws?id=336104 The Tribunal allowed the appeal, deleting the addition of Rs. 15,00,000 under section 68 of the Income-tax Act, 1961, as the genuineness of the unsecured loans was established through the lenders' identity and creditworthiness. The Tribunal criticized the CIT(A) for not properly considering the appellant's submissions, leading to an erroneous confirmation of the addition. The Tribunal emphasized the importance of fair assessment processes and thorough consideration of evidence. en-us Fri, 11 Nov 2016 00:00:00 +0530 Thu, 15 Dec 2016 18:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336104 The Tribunal allowed the appeal, deleting the addition of Rs. 15,00,000 under section 68 of the Income-tax Act, 1961, as the genuineness of the unsecured loans was established through the lenders' identity and creditworthiness. The Tribunal criticized the CIT(A) for not properly considering the appellant's submissions, leading to an erroneous confirmation of the addition. The Tribunal emphasized the importance of fair assessment processes and thorough consideration of evidence. Case-Laws Income Tax Fri, 11 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336104