https://www.taxtmi.com/caselaws?id=292143 The HC dismissed the appeal, affirming the CIT (A) and ITAT's decisions. On the first issue, the court upheld the addition of Rs. 1 lac under Section 16(8), finding the identity and genuineness of creditors substantiated. On the second issue, the disallowance of interest was reduced to Rs. 3.69 lacs, with no legal questions arising. en-us Mon, 26 Sep 2016 00:00:00 +0530 Wed, 13 Nov 2024 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292143 The HC dismissed the appeal, affirming the CIT (A) and ITAT's decisions. On the first issue, the court upheld the addition of Rs. 1 lac under Section 16(8), finding the identity and genuineness of creditors substantiated. On the second issue, the disallowance of interest was reduced to Rs. 3.69 lacs, with no legal questions arising. Case-Laws Income Tax Mon, 26 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292143