https://www.taxtmi.com/caselaws?id=409236 The Tribunal allowed the assessee's appeals, vacating additions under Section 68 for unexplained cash credits, disallowance of interest expenditure, and addition under Section 69C for commission. Emphasizing the importance of corroborative evidence and principles of natural justice, particularly the right to cross-examination, the Tribunal found the documentary evidence provided by the assessee sufficient to substantiate the genuineness of the loan transactions. The demand raised by the AO was nullified as the Tribunal vacated the additions, ruling in favor of the assessee. en-us Mon, 07 Jun 2021 00:00:00 +0530 Sat, 03 Jul 2021 08:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409236 The Tribunal allowed the assessee's appeals, vacating additions under Section 68 for unexplained cash credits, disallowance of interest expenditure, and addition under Section 69C for commission. Emphasizing the importance of corroborative evidence and principles of natural justice, particularly the right to cross-examination, the Tribunal found the documentary evidence provided by the assessee sufficient to substantiate the genuineness of the loan transactions. The demand raised by the AO was nullified as the Tribunal vacated the additions, ruling in favor of the assessee. Case-Laws Income Tax Mon, 07 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409236