https://www.taxtmi.com/caselaws?id=282790 The Tribunal upheld the additions and disallowances made by the AO and confirmed by the CIT(A) totaling Rs. 1,01,18,000. The Tribunal found the assessee failed to prove the genuineness of the loan transaction and the creditworthiness of the lender, Moxdiam. The Tribunal emphasized the importance of satisfying the requirements of Section 68 of the Act and dismissed the appeals filed by the assessee. en-us Thu, 27 Oct 2016 00:00:00 +0530 Fri, 23 Aug 2019 20:39:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282790 The Tribunal upheld the additions and disallowances made by the AO and confirmed by the CIT(A) totaling Rs. 1,01,18,000. The Tribunal found the assessee failed to prove the genuineness of the loan transaction and the creditworthiness of the lender, Moxdiam. The Tribunal emphasized the importance of satisfying the requirements of Section 68 of the Act and dismissed the appeals filed by the assessee. Case-Laws Income Tax Thu, 27 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282790