https://www.taxtmi.com/caselaws?id=429588 The ITAT allowed the assessee's appeal, reversing the decisions of the lower authorities on all issues raised in the case. The ITAT found no evidence to support the alleged bogus purchases, deleted the addition of unsecured loans under Section 68 due to sufficient evidence provided by the assessee, upheld the disallowance of interest on loans reversed by the CIT (A), and directed a reduced disallowance of certain business expenditures. en-us Fri, 28 Oct 2022 00:00:00 +0530 Tue, 01 Nov 2022 10:16:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429588 The ITAT allowed the assessee's appeal, reversing the decisions of the lower authorities on all issues raised in the case. The ITAT found no evidence to support the alleged bogus purchases, deleted the addition of unsecured loans under Section 68 due to sufficient evidence provided by the assessee, upheld the disallowance of interest on loans reversed by the CIT (A), and directed a reduced disallowance of certain business expenditures. Case-Laws Income Tax Fri, 28 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429588