https://www.taxtmi.com/caselaws?id=389209 The Tribunal upheld the dismissal of the appeal challenging an order by the Income Tax Appellate Tribunal regarding unsecured loans from companies TTPL and POCPL. The appellant failed to provide contrary material to challenge the evidence presented by the Assessment Officer, leading to the conclusion that the burden of proof on the genuineness of the loans was not met. The judgments cited by the appellant were considered irrelevant, resulting in the appeal being dismissed. en-us Wed, 27 Nov 2019 00:00:00 +0530 Tue, 03 Dec 2019 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389209 The Tribunal upheld the dismissal of the appeal challenging an order by the Income Tax Appellate Tribunal regarding unsecured loans from companies TTPL and POCPL. The appellant failed to provide contrary material to challenge the evidence presented by the Assessment Officer, leading to the conclusion that the burden of proof on the genuineness of the loans was not met. The judgments cited by the appellant were considered irrelevant, resulting in the appeal being dismissed. Case-Laws Income Tax Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389209