https://www.taxtmi.com/caselaws?id=386312 The Appellate Tribunal ITAT Delhi allowed the Assessee's appeal, setting aside the addition of Rs. 65 lakhs as an unexplained loan for the assessment year 2010-2011. The Tribunal emphasized the Assessee's compliance with providing necessary documentation, transactions through banking channels, and the failure of the A.O. to conduct proper verifications. The Tribunal's decision was based on legal precedents and the Assessee's ability to prove the genuineness of the transactions, resulting in the deletion of the entire addition. en-us Tue, 24 Sep 2019 00:00:00 +0530 Thu, 26 Sep 2019 06:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386312 The Appellate Tribunal ITAT Delhi allowed the Assessee's appeal, setting aside the addition of Rs. 65 lakhs as an unexplained loan for the assessment year 2010-2011. The Tribunal emphasized the Assessee's compliance with providing necessary documentation, transactions through banking channels, and the failure of the A.O. to conduct proper verifications. The Tribunal's decision was based on legal precedents and the Assessee's ability to prove the genuineness of the transactions, resulting in the deletion of the entire addition. Case-Laws Income Tax Tue, 24 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386312