https://www.taxtmi.com/caselaws?id=363053 The Tribunal upheld the First Appellate Authority's decision, determining that the loans were genuine and overturning the Assessing Officer's addition under section 68 of the Income Tax Act. Additionally, the Tribunal ruled in favor of the assessee on the validity of reassessment proceedings, finding no evidence of failure to disclose material facts and dismissing the AO's appeal. en-us Wed, 04 Jul 2018 00:00:00 +0530 Sat, 07 Jul 2018 09:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363053 The Tribunal upheld the First Appellate Authority's decision, determining that the loans were genuine and overturning the Assessing Officer's addition under section 68 of the Income Tax Act. Additionally, the Tribunal ruled in favor of the assessee on the validity of reassessment proceedings, finding no evidence of failure to disclose material facts and dismissing the AO's appeal. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363053