https://www.taxtmi.com/caselaws?id=430539 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition under section 28(iv) of the Income Tax Act and rejecting the alternative contention under section 56(2)(x). The Tribunal clarified that section 28(iv) applies to benefits received in kind, not in money, and that section 56(2)(x) does not apply to loan waivers received in earlier years. en-us Tue, 20 Sep 2022 00:00:00 +0530 Tue, 22 Nov 2022 09:02:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430539 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition under section 28(iv) of the Income Tax Act and rejecting the alternative contention under section 56(2)(x). The Tribunal clarified that section 28(iv) applies to benefits received in kind, not in money, and that section 56(2)(x) does not apply to loan waivers received in earlier years. Case-Laws Income Tax Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430539