https://www.taxtmi.com/caselaws?id=281292 The Tribunal ruled in favor of the assessee regarding the addition of cash hundi loans under section 69D, finding the loans to be genuine based on confirmations and details provided, leading to the deletion of the addition and interest. However, the Tribunal upheld the decision not to set off unabsorbed depreciation due to a change in shareholding under section 79(a), indicating that the decision was appropriate in the circumstances. The appeal was partly allowed, with the Tribunal ruling in favor of the assessee on the first issue but in favor of the authorities on the second issue. en-us Tue, 23 Jul 1985 00:00:00 +0530 Wed, 12 Jun 2019 15:00:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281292 The Tribunal ruled in favor of the assessee regarding the addition of cash hundi loans under section 69D, finding the loans to be genuine based on confirmations and details provided, leading to the deletion of the addition and interest. However, the Tribunal upheld the decision not to set off unabsorbed depreciation due to a change in shareholding under section 79(a), indicating that the decision was appropriate in the circumstances. The appeal was partly allowed, with the Tribunal ruling in favor of the assessee on the first issue but in favor of the authorities on the second issue. Case-Laws Income Tax Tue, 23 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281292