https://www.taxtmi.com/caselaws?id=444561 The HC upheld the decision of the Income Tax Appellate Tribunal, dismissing the revenue's appeal against the assessee. The Tribunal affirmed the CIT(A)'s deletion of additions made by the AO concerning an unsecured loan and interest payments to Dayal Trust. The court found that the assessee adequately demonstrated the genuineness of the loan transaction, and no substantial question of law was present. Consequently, the appeal was closed, and the parties were directed to proceed according to the digitally signed order. en-us Fri, 22 Sep 2023 00:00:00 +0530 Wed, 18 Oct 2023 07:43:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444561 The HC upheld the decision of the Income Tax Appellate Tribunal, dismissing the revenue's appeal against the assessee. The Tribunal affirmed the CIT(A)'s deletion of additions made by the AO concerning an unsecured loan and interest payments to Dayal Trust. The court found that the assessee adequately demonstrated the genuineness of the loan transaction, and no substantial question of law was present. Consequently, the appeal was closed, and the parties were directed to proceed according to the digitally signed order. Case-Laws Income Tax Fri, 22 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444561