https://www.taxtmi.com/caselaws?id=407464 The Income Tax Appellate Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, ruling that the assessee adequately proved the legitimacy of unsecured loans and interest payments. The Tribunal dismissed the revenue's appeal, affirming the deletion of additions under Section 68 of the Income Tax Act and disallowance of interest. en-us Tue, 20 Apr 2021 00:00:00 +0530 Wed, 12 May 2021 08:28:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407464 The Income Tax Appellate Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, ruling that the assessee adequately proved the legitimacy of unsecured loans and interest payments. The Tribunal dismissed the revenue's appeal, affirming the deletion of additions under Section 68 of the Income Tax Act and disallowance of interest. Case-Laws Income Tax Tue, 20 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407464