https://www.taxtmi.com/caselaws?id=405946 The ITAT partially allowed the appeal, upholding the addition towards interest income from the Indus Ind Bank loan while rejecting the addition related to a different loan. The ITAT found a direct nexus between the incriminating material and the interest income from the Indus Ind Bank loan, sustaining that addition. However, it held that the addition related to interest from another loan lacked a basis in incriminating material and therefore could not be sustained. en-us Wed, 31 Mar 2021 00:00:00 +0530 Thu, 30 Dec 2021 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405946 The ITAT partially allowed the appeal, upholding the addition towards interest income from the Indus Ind Bank loan while rejecting the addition related to a different loan. The ITAT found a direct nexus between the incriminating material and the interest income from the Indus Ind Bank loan, sustaining that addition. However, it held that the addition related to interest from another loan lacked a basis in incriminating material and therefore could not be sustained. Case-Laws Income Tax Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405946