https://www.taxtmi.com/caselaws?id=14032 The Income-tax Appellate Tribunal partially allowed the appeal, ordering an addition of Rs. 75,000 instead of the initially assessed Rs. 1,75,000 as unexplained credit. The court found discrepancies in the loan transaction details, concluding that the addition of Rs. 75,000 was justified due to manipulation. The court upheld the validity of this finding, deeming it reasonable and not open to challenge. The appeal was dismissed as no substantial legal issues were raised, and the addition of Rs. 75,000 was deemed valid. en-us Wed, 14 Mar 2001 00:00:00 +0530 Tue, 07 Jul 2009 16:57:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14032 The Income-tax Appellate Tribunal partially allowed the appeal, ordering an addition of Rs. 75,000 instead of the initially assessed Rs. 1,75,000 as unexplained credit. The court found discrepancies in the loan transaction details, concluding that the addition of Rs. 75,000 was justified due to manipulation. The court upheld the validity of this finding, deeming it reasonable and not open to challenge. The appeal was dismissed as no substantial legal issues were raised, and the addition of Rs. 75,000 was deemed valid. Case-Laws Income Tax Wed, 14 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14032