https://www.taxtmi.com/caselaws?id=427626 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 2,00,00,000/- made by the AO, as the assessee adequately proved the genuineness of the loan transactions. The Tribunal emphasized the lack of independent evidence from the Revenue to support the claim of accommodation entries. The appeals filed by the Revenue for both assessment years were dismissed. en-us Wed, 27 Apr 2022 00:00:00 +0530 Tue, 13 Sep 2022 20:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427626 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 2,00,00,000/- made by the AO, as the assessee adequately proved the genuineness of the loan transactions. The Tribunal emphasized the lack of independent evidence from the Revenue to support the claim of accommodation entries. The appeals filed by the Revenue for both assessment years were dismissed. Case-Laws Income Tax Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427626