https://www.taxtmi.com/caselaws?id=365567 The Tribunal upheld the Commissioner's decision to delete the addition of Rs. 64,04,20,000 towards loans received by the assessee from related companies, emphasizing the assessee's compliance with providing necessary documentation and the absence of adverse findings in the loan creditor companies' assessments. The Tribunal found the assessing officer's failure to secure the presence of directors from Mumbai not fatal, given ongoing scrutiny assessments. As a result, the appeal of the Revenue was dismissed, affirming the deletion of the addition towards loans received from companies within the same group. en-us Wed, 01 Aug 2018 00:00:00 +0530 Mon, 20 Aug 2018 07:55:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365567 The Tribunal upheld the Commissioner's decision to delete the addition of Rs. 64,04,20,000 towards loans received by the assessee from related companies, emphasizing the assessee's compliance with providing necessary documentation and the absence of adverse findings in the loan creditor companies' assessments. The Tribunal found the assessing officer's failure to secure the presence of directors from Mumbai not fatal, given ongoing scrutiny assessments. As a result, the appeal of the Revenue was dismissed, affirming the deletion of the addition towards loans received from companies within the same group. Case-Laws Income Tax Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365567