https://www.taxtmi.com/caselaws?id=386771 The Tribunal partly allowed the appeal, directing the deletion of an addition of Rs. 8.00 lakh in the assessee's hands related to loans issued by M/s. Govind Ram & Sons, as it was revealed that the loan was given by another individual. However, additions totaling Rs. 1.08 crore from other sources were sustained after allowing for telescoping benefits. The Tribunal upheld the addition of Rs. 41.00 lakh from unrecorded loans given by another individual, despite partial disclosure of income. The decision was pronounced on 4th October 2019. en-us Fri, 04 Oct 2019 00:00:00 +0530 Mon, 07 Oct 2019 22:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386771 The Tribunal partly allowed the appeal, directing the deletion of an addition of Rs. 8.00 lakh in the assessee's hands related to loans issued by M/s. Govind Ram & Sons, as it was revealed that the loan was given by another individual. However, additions totaling Rs. 1.08 crore from other sources were sustained after allowing for telescoping benefits. The Tribunal upheld the addition of Rs. 41.00 lakh from unrecorded loans given by another individual, despite partial disclosure of income. The decision was pronounced on 4th October 2019. Case-Laws Income Tax Fri, 04 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386771