https://www.taxtmi.com/caselaws?id=374360 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 3,52,33,234/- made on foreign remittance from LTC College London, confirming it as a loan, not income. The remaining unexplained cash credit of Rs. 66,12,213/- was added to the total income. Additionally, the CIT(A) deleted the addition of Rs. 1,34,19,000/- made on unexplained cash credit, as the sources were explained, and only added Rs. 8,81,000/- for lack of explanation. The Tribunal found no reason to interfere and dismissed the Revenue's appeal. en-us Tue, 29 Jan 2019 00:00:00 +0530 Thu, 31 Jan 2019 08:13:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374360 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 3,52,33,234/- made on foreign remittance from LTC College London, confirming it as a loan, not income. The remaining unexplained cash credit of Rs. 66,12,213/- was added to the total income. Additionally, the CIT(A) deleted the addition of Rs. 1,34,19,000/- made on unexplained cash credit, as the sources were explained, and only added Rs. 8,81,000/- for lack of explanation. The Tribunal found no reason to interfere and dismissed the Revenue's appeal. Case-Laws Income Tax Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374360