https://www.taxtmi.com/caselaws?id=431413 The Tribunal allowed the appeal filed by the assessee, concluding that the addition made by the Assessing Officer was not correct in law. The Tribunal found the explanation provided by the assessee regarding the repayment of loans to be genuine and reasonable, leading to the deletion of the addition of Rs. 6,75,500 confirmed by the Commissioner of Income Tax (Appeals). en-us Wed, 19 Oct 2022 00:00:00 +0530 Tue, 13 Dec 2022 08:25:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431413 The Tribunal allowed the appeal filed by the assessee, concluding that the addition made by the Assessing Officer was not correct in law. The Tribunal found the explanation provided by the assessee regarding the repayment of loans to be genuine and reasonable, leading to the deletion of the addition of Rs. 6,75,500 confirmed by the Commissioner of Income Tax (Appeals). Case-Laws Income Tax Wed, 19 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431413