https://www.taxtmi.com/caselaws?id=435661 The appeal was allowed by the Appellate Tribunal, overturning the decision to treat the payments as unexplained income under section 69 of the Income Tax Act. The Tribunal found that the funds were taken as a loan and directly paid to the lenders for land conversion charges, thus directing the deletion of the addition made under section 68 of the Act in the appellant's hands. en-us Wed, 22 Mar 2023 00:00:00 +0530 Fri, 24 Mar 2023 09:40:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435661 The appeal was allowed by the Appellate Tribunal, overturning the decision to treat the payments as unexplained income under section 69 of the Income Tax Act. The Tribunal found that the funds were taken as a loan and directly paid to the lenders for land conversion charges, thus directing the deletion of the addition made under section 68 of the Act in the appellant's hands. Case-Laws Income Tax Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435661