https://www.taxtmi.com/caselaws?id=761706 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 14,30,00,000/- towards unsecured loans from bogus/shell companies. The Tribunal found no incriminating material supporting the AO's addition, relying on legal precedents and determining that the CIT(A)'s order was free of error. The issue regarding the CIT(A)'s failure to adjudicate on merit was deemed academic, as it was not raised through proper procedural channels. en-us Wed, 13 Nov 2024 00:00:00 +0530 Thu, 14 Nov 2024 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761706 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 14,30,00,000/- towards unsecured loans from bogus/shell companies. The Tribunal found no incriminating material supporting the AO's addition, relying on legal precedents and determining that the CIT(A)'s order was free of error. The issue regarding the CIT(A)'s failure to adjudicate on merit was deemed academic, as it was not raised through proper procedural channels. Case-Laws Income Tax Wed, 13 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761706