https://www.taxtmi.com/caselaws?id=442968 The Tribunal allowed the firm's appeal, ruling that the addition of the cash component to the firm's income lacked concrete evidence. The Tribunal highlighted that the loan agreement did not definitively establish the firm's liability for the cash component, resulting in the deletion of the addition under various sections of the Income Tax Act for the assessment year 2017-18. en-us Fri, 21 Apr 2023 00:00:00 +0530 Wed, 13 Sep 2023 23:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442968 The Tribunal allowed the firm's appeal, ruling that the addition of the cash component to the firm's income lacked concrete evidence. The Tribunal highlighted that the loan agreement did not definitively establish the firm's liability for the cash component, resulting in the deletion of the addition under various sections of the Income Tax Act for the assessment year 2017-18. Case-Laws Income Tax Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442968