https://www.taxtmi.com/caselaws?id=307550 The Tribunal partly allowed the appeal by deleting the additions of Rs. 5,00,000 and Rs. 6,00,000 related to loans from two creditors but upheld the addition of Rs. 1,50,000 related to a loan from another creditor. The lump sum addition of Rs. 25,000 out of the expenses claimed by the assessee was dismissed as not pressed. The Tribunal found that the assessee sufficiently proved the identity, creditworthiness, and genuineness of the transactions in question, leading to the deletion of the two additions. en-us Fri, 15 Jan 2016 00:00:00 +0530 Fri, 21 Apr 2023 21:57:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307550 The Tribunal partly allowed the appeal by deleting the additions of Rs. 5,00,000 and Rs. 6,00,000 related to loans from two creditors but upheld the addition of Rs. 1,50,000 related to a loan from another creditor. The lump sum addition of Rs. 25,000 out of the expenses claimed by the assessee was dismissed as not pressed. The Tribunal found that the assessee sufficiently proved the identity, creditworthiness, and genuineness of the transactions in question, leading to the deletion of the two additions. Case-Laws Income Tax Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307550