https://www.taxtmi.com/caselaws?id=415493 The Tribunal allowed the appeal filed by the assessee, setting aside the CIT(A)'s order. It directed the Assessing Officer to delete the addition of Rs. 20 lakhs made towards unsecured loans under section 68 of the Income Tax Act. Additionally, the Tribunal instructed the Assessing Officer to allow the set off of unabsorbed depreciation against the income determined under section 68 of the Act. en-us Tue, 30 Nov 2021 00:00:00 +0530 Tue, 07 Dec 2021 09:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415493 The Tribunal allowed the appeal filed by the assessee, setting aside the CIT(A)'s order. It directed the Assessing Officer to delete the addition of Rs. 20 lakhs made towards unsecured loans under section 68 of the Income Tax Act. Additionally, the Tribunal instructed the Assessing Officer to allow the set off of unabsorbed depreciation against the income determined under section 68 of the Act. Case-Laws Income Tax Tue, 30 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415493