https://www.taxtmi.com/caselaws?id=351331 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO towards unexplained unsecured loans and interest for the Assessment Years 2008-09 to 2013-14. The AO's reliance on unverified statements without allowing cross-examination violated principles of natural justice. The assessee provided substantial evidence of genuine transactions, leading to the dismissal of Revenue's appeals. The decision for the Assessment Year 2008-09 was applied to subsequent years, with the order pronounced on November 15, 2017. en-us Wed, 15 Nov 2017 00:00:00 +0530 Thu, 23 Nov 2017 13:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351331 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO towards unexplained unsecured loans and interest for the Assessment Years 2008-09 to 2013-14. The AO's reliance on unverified statements without allowing cross-examination violated principles of natural justice. The assessee provided substantial evidence of genuine transactions, leading to the dismissal of Revenue's appeals. The decision for the Assessment Year 2008-09 was applied to subsequent years, with the order pronounced on November 15, 2017. Case-Laws Income Tax Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351331