https://www.taxtmi.com/caselaws?id=37717 The Tribunal upheld the deletion of certain cash credits and khata-peta loans based on confirmatory letters and evidence provided by the assessee. However, one khata-peta loan amount was added back as unexplained. The Tribunal found another khata-peta loan genuine as it was transacted through a cheque and confirmed by a creditor. Regarding the deduction of interest for the assessment year 1964-65, the Tribunal disallowed interest paid to one party while allowing it for others. The Tribunal's decision was reasoned on the evidence presented and cooperation from the creditors, resulting in a mixed outcome for the assessee. en-us Fri, 07 Apr 1978 00:00:00 +0530 Wed, 31 Mar 2010 16:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37717 The Tribunal upheld the deletion of certain cash credits and khata-peta loans based on confirmatory letters and evidence provided by the assessee. However, one khata-peta loan amount was added back as unexplained. The Tribunal found another khata-peta loan genuine as it was transacted through a cheque and confirmed by a creditor. Regarding the deduction of interest for the assessment year 1964-65, the Tribunal disallowed interest paid to one party while allowing it for others. The Tribunal's decision was reasoned on the evidence presented and cooperation from the creditors, resulting in a mixed outcome for the assessee. Case-Laws Income Tax Fri, 07 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37717