https://www.taxtmi.com/caselaws?id=418340 The Tribunal directed fresh adjudication on various issues, including legality of assessment proceedings under section 153A, additions for unexplained money under section 69A, interest income on loans given, disallowance of interest on housing loans, and identity of unsecured loans. The Tribunal emphasized the principle of telescoping to offset unexplained money against other profits and stressed the importance of corroborative evidence for additions based on rough notings and presumptions. The Tribunal upheld some additions while restoring others for further examination by the Assessing Officer. en-us Fri, 11 Feb 2022 00:00:00 +0530 Tue, 15 Feb 2022 06:57:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418340 The Tribunal directed fresh adjudication on various issues, including legality of assessment proceedings under section 153A, additions for unexplained money under section 69A, interest income on loans given, disallowance of interest on housing loans, and identity of unsecured loans. The Tribunal emphasized the principle of telescoping to offset unexplained money against other profits and stressed the importance of corroborative evidence for additions based on rough notings and presumptions. The Tribunal upheld some additions while restoring others for further examination by the Assessing Officer. Case-Laws Income Tax Fri, 11 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418340