https://www.taxtmi.com/caselaws?id=344170 The Tribunal partially allowed the appeal concerning unsecured loans received by the assessee. It upheld the addition of Rs. 40,06,198 from M/s. Khoobsurat Limited due to lack of evidence of the creditor's existence and creditworthiness. However, it ordered the deletion of additions totaling Rs. 7,00,000 related to other creditors like Smt. Usha Agarwal, Ellora Mohanty, Ashutosh Mohapatra, and Smt. Urmila Modi, as their transactions were deemed genuine. en-us Mon, 29 May 2017 00:00:00 +0530 Fri, 09 Jun 2017 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344170 The Tribunal partially allowed the appeal concerning unsecured loans received by the assessee. It upheld the addition of Rs. 40,06,198 from M/s. Khoobsurat Limited due to lack of evidence of the creditor's existence and creditworthiness. However, it ordered the deletion of additions totaling Rs. 7,00,000 related to other creditors like Smt. Usha Agarwal, Ellora Mohanty, Ashutosh Mohapatra, and Smt. Urmila Modi, as their transactions were deemed genuine. Case-Laws Income Tax Mon, 29 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344170