https://www.taxtmi.com/caselaws?id=278135 The Tribunal allowed the appeal due to the absence of recorded satisfaction by the search party before issuing the notice u/s 153C. The treatment of unsecured loans as income was overturned because of the lack of proof of genuineness. The judgment emphasized compliance with legal requirements and precedents to ensure fair assessments and avoid unnecessary litigation. en-us Tue, 10 Jan 2017 00:00:00 +0530 Sat, 12 Jan 2019 07:00:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278135 The Tribunal allowed the appeal due to the absence of recorded satisfaction by the search party before issuing the notice u/s 153C. The treatment of unsecured loans as income was overturned because of the lack of proof of genuineness. The judgment emphasized compliance with legal requirements and precedents to ensure fair assessments and avoid unnecessary litigation. Case-Laws Income Tax Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278135