https://www.taxtmi.com/caselaws?id=443269 The Tribunal's decision confirming the addition of Rs. 9,00,000 representing unsecured loans was upheld. The court found that the evidence supported the decisions of the lower authorities and no questions of law arose. The Tribunal's non-adjudication on the disallowance of proportionate interest paid against the unsecured loans was deemed justified as the loans lacked substantiation. The Miscellaneous Appeal was dismissed, and each party was directed to bear their costs. en-us Tue, 01 Aug 2023 00:00:00 +0530 Wed, 20 Sep 2023 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443269 The Tribunal's decision confirming the addition of Rs. 9,00,000 representing unsecured loans was upheld. The court found that the evidence supported the decisions of the lower authorities and no questions of law arose. The Tribunal's non-adjudication on the disallowance of proportionate interest paid against the unsecured loans was deemed justified as the loans lacked substantiation. The Miscellaneous Appeal was dismissed, and each party was directed to bear their costs. Case-Laws Income Tax Tue, 01 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443269