https://www.taxtmi.com/caselaws?id=459525 The Tribunal allowed the assessee's appeal, setting aside the Ld CIT(A)'s order and directing the AO to delete the Rs. 25.00 lakhs addition under section 68 of the Income Tax Act. The Tribunal concluded that the AO failed to prove the loan was an accommodation entry, as the assessee had discharged the initial burden of proof. en-us Wed, 25 Oct 2023 00:00:00 +0530 Tue, 17 Dec 2024 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459525 The Tribunal allowed the assessee's appeal, setting aside the Ld CIT(A)'s order and directing the AO to delete the Rs. 25.00 lakhs addition under section 68 of the Income Tax Act. The Tribunal concluded that the AO failed to prove the loan was an accommodation entry, as the assessee had discharged the initial burden of proof. Case-Laws Income Tax Wed, 25 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459525