https://www.taxtmi.com/caselaws?id=754338 HC dismissed the appeal, holding no substantial question of law arose. ITAT and CIT-A upheld that the taxpayer discharged the onus in explaining unsecured loans at 9% p.a., finding the tax addition was based on conjecture and surmise. The court agreed the matter presented factual findings affirmed on two reviews and was not a case of accounting entries disguised as purchases. Consequently, the HC found no fit case for further appeal. en-us Tue, 18 Jun 2024 00:00:00 +0530 Fri, 19 Sep 2025 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754338 HC dismissed the appeal, holding no substantial question of law arose. ITAT and CIT-A upheld that the taxpayer discharged the onus in explaining unsecured loans at 9% p.a., finding the tax addition was based on conjecture and surmise. The court agreed the matter presented factual findings affirmed on two reviews and was not a case of accounting entries disguised as purchases. Consequently, the HC found no fit case for further appeal. Case-Laws Income Tax Tue, 18 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754338