https://www.taxtmi.com/caselaws?id=392345 The Tribunal partially allowed the appeal, ruling in favor of the assessee by deleting the additions concerning unexplained unsecured loans and interest, as well as unexplained investment/expenditure. The Tribunal found that the son of the assessee had sufficient capital to provide a loan, and the source of funds was explained. Additionally, the expenditure was incurred in cash, reflected in the cashbook, and deemed capital in nature. The order was issued on 11th February 2020. en-us Tue, 11 Feb 2020 00:00:00 +0530 Tue, 18 Feb 2020 13:02:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392345 The Tribunal partially allowed the appeal, ruling in favor of the assessee by deleting the additions concerning unexplained unsecured loans and interest, as well as unexplained investment/expenditure. The Tribunal found that the son of the assessee had sufficient capital to provide a loan, and the source of funds was explained. Additionally, the expenditure was incurred in cash, reflected in the cashbook, and deemed capital in nature. The order was issued on 11th February 2020. Case-Laws Income Tax Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392345