https://www.taxtmi.com/caselaws?id=392696 The Appellate Tribunal ITAT DELHI ruled in favor of the assessee in a case involving undisclosed cash and unsecured loans under the Income-tax Act. The tribunal set aside the addition of Rs. 1 crore as undisclosed cash, citing lack of concrete evidence and reliance on suspicions by the Assessing Officer. Additionally, the tribunal upheld the deletion of the addition of Rs. 2.56 crores as unsecured loans, determining the loans to be genuine based on documentation provided by the assessee. The judgments were pronounced on 20.02.2020, with detailed analysis for each issue. en-us Thu, 20 Feb 2020 00:00:00 +0530 Wed, 26 Feb 2020 11:44:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392696 The Appellate Tribunal ITAT DELHI ruled in favor of the assessee in a case involving undisclosed cash and unsecured loans under the Income-tax Act. The tribunal set aside the addition of Rs. 1 crore as undisclosed cash, citing lack of concrete evidence and reliance on suspicions by the Assessing Officer. Additionally, the tribunal upheld the deletion of the addition of Rs. 2.56 crores as unsecured loans, determining the loans to be genuine based on documentation provided by the assessee. The judgments were pronounced on 20.02.2020, with detailed analysis for each issue. Case-Laws Income Tax Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392696