https://www.taxtmi.com/caselaws?id=404678 The Tribunal ruled in favor of the assessee, emphasizing that a loan liability cannot be considered income. The Tribunal directed the deletion of the bank loan amount from the tax assessment, highlighting that the loan should not be taxed as undisclosed investment or unexplained money under sections 69A and 69B of the Income Tax Act. en-us Thu, 25 Feb 2021 00:00:00 +0530 Sun, 28 Feb 2021 21:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404678 The Tribunal ruled in favor of the assessee, emphasizing that a loan liability cannot be considered income. The Tribunal directed the deletion of the bank loan amount from the tax assessment, highlighting that the loan should not be taxed as undisclosed investment or unexplained money under sections 69A and 69B of the Income Tax Act. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404678