https://www.taxtmi.com/caselaws?id=412550 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the addition under section 68 and disallowance under section 69C of the Income Tax Act. However, the disallowance under section 14A was upheld. The Tribunal found no error in the Commissioner's decision regarding the disallowance under section 14A, as the assessee failed to provide sufficient evidence to contest it. The Tribunal set aside the addition under section 68 as the loan was taken in a previous financial year. Additionally, the Tribunal concluded that no disallowance was warranted under section 69C due to the deletion of the cash credit addition under section 68. en-us Fri, 17 Sep 2021 00:00:00 +0530 Tue, 21 Sep 2021 08:25:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412550 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the addition under section 68 and disallowance under section 69C of the Income Tax Act. However, the disallowance under section 14A was upheld. The Tribunal found no error in the Commissioner's decision regarding the disallowance under section 14A, as the assessee failed to provide sufficient evidence to contest it. The Tribunal set aside the addition under section 68 as the loan was taken in a previous financial year. Additionally, the Tribunal concluded that no disallowance was warranted under section 69C due to the deletion of the cash credit addition under section 68. Case-Laws Income Tax Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412550