https://www.taxtmi.com/caselaws?id=423344 The Tribunal dismissed all Revenue appeals for A.Y. 2010-11, 2011-12, and 2013-14. The CIT(A) found the necessary ingredients of Section 68 proved, leading to deletion of loan additions and interest disallowance. The Tribunal upheld this decision based on merits and the low tax effect limit, as confirmed by the AO and Principal Commissioner of Income Tax. Despite errors in figures, the Tribunal maintained the dismissals, granting the Revenue the option to file a Miscellaneous Application if the low tax effect limit was disproved. en-us Thu, 19 May 2022 00:00:00 +0530 Fri, 03 Jun 2022 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423344 The Tribunal dismissed all Revenue appeals for A.Y. 2010-11, 2011-12, and 2013-14. The CIT(A) found the necessary ingredients of Section 68 proved, leading to deletion of loan additions and interest disallowance. The Tribunal upheld this decision based on merits and the low tax effect limit, as confirmed by the AO and Principal Commissioner of Income Tax. Despite errors in figures, the Tribunal maintained the dismissals, granting the Revenue the option to file a Miscellaneous Application if the low tax effect limit was disproved. Case-Laws Income Tax Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423344