https://www.taxtmi.com/caselaws?id=383617 The tribunal upheld the CIT(A)'s decision, ruling that the assessee successfully proved the genuineness of unsecured loan transactions totaling Rs. 1,05,00,000/- taken from companies allegedly controlled by Shri Praveen Kumar Jain. The tribunal found that the Assessing Officer failed to rebut the evidence presented by the assessee, leading to the dismissal of the revenue's appeal. en-us Thu, 06 Jun 2019 00:00:00 +0530 Fri, 26 Jul 2019 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383617 The tribunal upheld the CIT(A)'s decision, ruling that the assessee successfully proved the genuineness of unsecured loan transactions totaling Rs. 1,05,00,000/- taken from companies allegedly controlled by Shri Praveen Kumar Jain. The tribunal found that the Assessing Officer failed to rebut the evidence presented by the assessee, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383617