https://www.taxtmi.com/caselaws?id=443324 The Tribunal allowed the appeal, deleting the addition of Rs. 58,85,190/- as a non-genuine unsecured loan under Section 68. The Tribunal emphasized the importance of considering the totality of evidence and consistency in accepting part of the loans from the same lender as genuine. This decision would likely impact the interest charges under Sections 234A, 234B, 234C, and 234D, as well as the initiation of penalty under Section 271(1)(c) due to the deletion of the primary addition. en-us Tue, 05 Sep 2023 00:00:00 +0530 Thu, 21 Sep 2023 07:29:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443324 The Tribunal allowed the appeal, deleting the addition of Rs. 58,85,190/- as a non-genuine unsecured loan under Section 68. The Tribunal emphasized the importance of considering the totality of evidence and consistency in accepting part of the loans from the same lender as genuine. This decision would likely impact the interest charges under Sections 234A, 234B, 234C, and 234D, as well as the initiation of penalty under Section 271(1)(c) due to the deletion of the primary addition. Case-Laws Income Tax Tue, 05 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443324