https://www.taxtmi.com/caselaws?id=420826 The Tribunal allowed the appeals for AYs 2007-08 to 2010-11 and partly allowed the appeals for AYs 2011-12 to 2013-14. The Tribunal emphasized that additions must be supported by incriminating material found during the search. As no such material was presented, all additions for AYs 2007-08 to 2010-11 were deleted. For subsequent years, the Tribunal upheld disallowances related to interest payments but allowed certain deductions where loans were used for property acquisition. The decisions were in line with legal precedents, ensuring assessments were based on substantive evidence. en-us Tue, 05 Apr 2022 00:00:00 +0530 Mon, 11 Apr 2022 08:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420826 The Tribunal allowed the appeals for AYs 2007-08 to 2010-11 and partly allowed the appeals for AYs 2011-12 to 2013-14. The Tribunal emphasized that additions must be supported by incriminating material found during the search. As no such material was presented, all additions for AYs 2007-08 to 2010-11 were deleted. For subsequent years, the Tribunal upheld disallowances related to interest payments but allowed certain deductions where loans were used for property acquisition. The decisions were in line with legal precedents, ensuring assessments were based on substantive evidence. Case-Laws Income Tax Tue, 05 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420826