https://www.taxtmi.com/caselaws?id=278248 The Tribunal upheld the decisions of the ld. CIT(A) in both issues, dismissing the departmental appeal. The addition of unexplained capital contribution under Rule 46A of IT Rules, 1962 was deemed justified based on verifiable bank account evidence provided by the assessee. Additionally, the addition of an unexplained loan under section 68 of IT Act was deleted as the assessee successfully proved the genuineness of the loan with supporting documents, despite administrative errors in the AO's notice. en-us Wed, 07 Mar 2012 00:00:00 +0530 Sat, 19 Jan 2019 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278248 The Tribunal upheld the decisions of the ld. CIT(A) in both issues, dismissing the departmental appeal. The addition of unexplained capital contribution under Rule 46A of IT Rules, 1962 was deemed justified based on verifiable bank account evidence provided by the assessee. Additionally, the addition of an unexplained loan under section 68 of IT Act was deleted as the assessee successfully proved the genuineness of the loan with supporting documents, despite administrative errors in the AO's notice. Case-Laws Income Tax Wed, 07 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278248