https://www.taxtmi.com/caselaws?id=374655 The tribunal ruled in favor of the assessee, finding that the loan of Rs. 20,00,000/- was genuine and properly documented through various supporting materials. The assessing officer's reliance on third-party statements without allowing for cross-examination was deemed improper, leading to the deletion of the addition of the unexplained fund. The appeal was allowed in favor of the assessee, emphasizing the importance of considering documentary evidence and providing opportunities for cross-examination in such cases. en-us Fri, 01 Feb 2019 00:00:00 +0530 Wed, 06 Feb 2019 07:23:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374655 The tribunal ruled in favor of the assessee, finding that the loan of Rs. 20,00,000/- was genuine and properly documented through various supporting materials. The assessing officer's reliance on third-party statements without allowing for cross-examination was deemed improper, leading to the deletion of the addition of the unexplained fund. The appeal was allowed in favor of the assessee, emphasizing the importance of considering documentary evidence and providing opportunities for cross-examination in such cases. Case-Laws Income Tax Fri, 01 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374655