https://www.taxtmi.com/caselaws?id=276627 The Tribunal upheld the CIT(A)'s decision to delete the addition of unsecured loans totaling Rs. 1,55,10,000 received by the assessee. The Tribunal found that the assessee provided ample evidence to establish the genuineness of the transactions, while the AO failed to present any specific material to refute this evidence. The Tribunal also noted that similar additions in the case of the assessee's brother had been previously deleted by the Tribunal. Consequently, the revenue's appeal was dismissed, affirming the CIT(A)'s order. en-us Fri, 06 May 2016 00:00:00 +0530 Thu, 15 Nov 2018 07:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276627 The Tribunal upheld the CIT(A)'s decision to delete the addition of unsecured loans totaling Rs. 1,55,10,000 received by the assessee. The Tribunal found that the assessee provided ample evidence to establish the genuineness of the transactions, while the AO failed to present any specific material to refute this evidence. The Tribunal also noted that similar additions in the case of the assessee's brother had been previously deleted by the Tribunal. Consequently, the revenue's appeal was dismissed, affirming the CIT(A)'s order. Case-Laws Income Tax Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276627