https://www.taxtmi.com/caselaws?id=354670 The Appellate Tribunal ITAT Kolkata upheld the deletion of an addition of subscription expenses and the deletion of an addition on account of unsecured loans treated as cash credit. The tribunal supported the decisions of the Ld. CIT(A) in both instances, emphasizing the necessity for expenses to be business-related and for the assessee to prove the legitimacy of loans. Legal precedents were cited, leading to the dismissal of the revenue's appeal in both cases. en-us Fri, 14 Jul 2017 00:00:00 +0530 Fri, 02 Feb 2018 09:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354670 The Appellate Tribunal ITAT Kolkata upheld the deletion of an addition of subscription expenses and the deletion of an addition on account of unsecured loans treated as cash credit. The tribunal supported the decisions of the Ld. CIT(A) in both instances, emphasizing the necessity for expenses to be business-related and for the assessee to prove the legitimacy of loans. Legal precedents were cited, leading to the dismissal of the revenue's appeal in both cases. Case-Laws Income Tax Fri, 14 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354670