https://www.taxtmi.com/caselaws?id=436650 The Appellate Tribunal ruled in favor of the assessee, directing the Assessing Officer to delete the addition of unsecured loan creditors under section 68 of the Income Tax Act, 1961. The Tribunal found that the assessee had provided documentary evidence regarding the loan transaction with a specific individual, which was not disputed by the Revenue. The Tribunal criticized the lower authority for rejecting the submission of additional evidence without proper consideration and concluded that the addition of unsecured loan creditors was not justified. en-us Tue, 21 Feb 2023 00:00:00 +0530 Mon, 17 Apr 2023 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436650 The Appellate Tribunal ruled in favor of the assessee, directing the Assessing Officer to delete the addition of unsecured loan creditors under section 68 of the Income Tax Act, 1961. The Tribunal found that the assessee had provided documentary evidence regarding the loan transaction with a specific individual, which was not disputed by the Revenue. The Tribunal criticized the lower authority for rejecting the submission of additional evidence without proper consideration and concluded that the addition of unsecured loan creditors was not justified. Case-Laws Income Tax Tue, 21 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436650