https://www.taxtmi.com/caselaws?id=280577 The Tribunal upheld the CIT(A)'s decisions in a case involving legality and factual correctness of the CIT(A)'s order, confirmation of addition of Rs. 67,75,000/- as unsecured loans under Section 68, and denial of exemption under Section 10(23C)(iiiad) amounting to Rs. 7,89,745/-. The Tribunal found that the appellant failed to prove the creditworthiness of the lenders and the genuineness of the transactions, leading to the confirmation of the additions and denial of exemption. The appeal was dismissed, affirming the CIT(A)'s rulings on all issues. en-us Fri, 29 Sep 2017 00:00:00 +0530 Sat, 11 May 2019 07:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280577 The Tribunal upheld the CIT(A)'s decisions in a case involving legality and factual correctness of the CIT(A)'s order, confirmation of addition of Rs. 67,75,000/- as unsecured loans under Section 68, and denial of exemption under Section 10(23C)(iiiad) amounting to Rs. 7,89,745/-. The Tribunal found that the appellant failed to prove the creditworthiness of the lenders and the genuineness of the transactions, leading to the confirmation of the additions and denial of exemption. The appeal was dismissed, affirming the CIT(A)'s rulings on all issues. Case-Laws Income Tax Fri, 29 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280577