https://www.taxtmi.com/caselaws?id=284144 The Tribunal upheld the CIT(A)'s decision to delete both the addition of Rs. 70,00,000/- as unexplained cash credits and the disallowance of Rs. 5,69,250/- in interest expenditure. The Tribunal found that the assessee had sufficiently proven the genuineness of the loan transactions and interest payments, leading to the dismissal of the revenue's appeal in its entirety. en-us Fri, 12 Jul 2019 00:00:00 +0530 Sun, 03 Nov 2019 18:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284144 The Tribunal upheld the CIT(A)'s decision to delete both the addition of Rs. 70,00,000/- as unexplained cash credits and the disallowance of Rs. 5,69,250/- in interest expenditure. The Tribunal found that the assessee had sufficiently proven the genuineness of the loan transactions and interest payments, leading to the dismissal of the revenue's appeal in its entirety. Case-Laws Income Tax Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284144