https://www.taxtmi.com/caselaws?id=416481 The Tribunal partly allowed the appeals, ruling in favor of the assessee regarding the disallowance under Section 14A for both assessment years, citing that interest income from the partnership firm should be treated as business income and not subjected to disallowance. However, the additions under Section 68 for unexplained cash credits were upheld as the assessee failed to prove the transactions' creditworthiness and genuineness. en-us Tue, 21 Dec 2021 00:00:00 +0530 Thu, 30 Dec 2021 08:32:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416481 The Tribunal partly allowed the appeals, ruling in favor of the assessee regarding the disallowance under Section 14A for both assessment years, citing that interest income from the partnership firm should be treated as business income and not subjected to disallowance. However, the additions under Section 68 for unexplained cash credits were upheld as the assessee failed to prove the transactions' creditworthiness and genuineness. Case-Laws Income Tax Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416481