https://www.taxtmi.com/caselaws?id=19099 Section 69D of the Income-tax Act applies only to transactions in respect of a hundi, and cash borrowing or repayment by itself does not attract the provision. On the facts, the instruments described as loans from a credit corporation were not found to be hundis, so the statutory condition for section 69D was not met. The related interest payment arising from the same transactions also fell outside the provision. The earlier deletion of the addition was therefore sustained, and the reference was answered against the Department. en-us Thu, 20 Oct 1994 00:00:00 +0530 Wed, 04 Nov 2009 10:29:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19099 Section 69D of the Income-tax Act applies only to transactions in respect of a hundi, and cash borrowing or repayment by itself does not attract the provision. On the facts, the instruments described as loans from a credit corporation were not found to be hundis, so the statutory condition for section 69D was not met. The related interest payment arising from the same transactions also fell outside the provision. The earlier deletion of the addition was therefore sustained, and the reference was answered against the Department. Case-Laws Income Tax Thu, 20 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19099