https://www.taxtmi.com/caselaws?id=422016 The Tribunal ruled in favor of the assessee, deleting the additions made by the AO regarding unsecured loans and undisclosed income. The Tribunal emphasized the necessity of proper inquiry and verification before adding amounts under section 68 of the Income Tax Act. The authorities were found to have erred in not adequately considering the explanations provided by the assessee, leading to the deletion of the additions and allowing the assessee's appeal. en-us Mon, 18 Apr 2022 00:00:00 +0530 Fri, 06 May 2022 08:32:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422016 The Tribunal ruled in favor of the assessee, deleting the additions made by the AO regarding unsecured loans and undisclosed income. The Tribunal emphasized the necessity of proper inquiry and verification before adding amounts under section 68 of the Income Tax Act. The authorities were found to have erred in not adequately considering the explanations provided by the assessee, leading to the deletion of the additions and allowing the assessee's appeal. Case-Laws Income Tax Mon, 18 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422016