https://www.taxtmi.com/caselaws?id=435224 The Tribunal allowed the appeal of the assessee, overturning the addition of Rs.35,00,000 under section 68 of the Act and the disallowance of interest expenses of Rs.2,78,500. The Tribunal found that the assessee had provided sufficient evidence to establish the genuineness of the transactions and had fulfilled its onus in this regard. en-us Mon, 13 Mar 2023 00:00:00 +0530 Tue, 14 Mar 2023 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435224 The Tribunal allowed the appeal of the assessee, overturning the addition of Rs.35,00,000 under section 68 of the Act and the disallowance of interest expenses of Rs.2,78,500. The Tribunal found that the assessee had provided sufficient evidence to establish the genuineness of the transactions and had fulfilled its onus in this regard. Case-Laws Income Tax Mon, 13 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435224