https://www.taxtmi.com/caselaws?id=408025 The Tribunal concluded that the addition under Section 69, based solely on foreign information without confronting the assessee and without corroborative material, was not sustainable. The Tribunal deleted the addition of Rs. 25,97,980/-. Regarding the addition of Rs. 30,00,000/- on account of a loan written off, the Tribunal remitted the issue back to the Assessing Officer for further examination. Ultimately, ITA No. 1434/Mum/2018 was partly allowed, and all other appeals were allowed, with the judgments pronounced on 24.05.2021. en-us Mon, 24 May 2021 00:00:00 +0530 Sat, 29 May 2021 08:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408025 The Tribunal concluded that the addition under Section 69, based solely on foreign information without confronting the assessee and without corroborative material, was not sustainable. The Tribunal deleted the addition of Rs. 25,97,980/-. Regarding the addition of Rs. 30,00,000/- on account of a loan written off, the Tribunal remitted the issue back to the Assessing Officer for further examination. Ultimately, ITA No. 1434/Mum/2018 was partly allowed, and all other appeals were allowed, with the judgments pronounced on 24.05.2021. Case-Laws Income Tax Mon, 24 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408025