https://www.taxtmi.com/caselaws?id=763528 The Tribunal allowed the appeal, holding that the addition of unexplained unsecured loans under Section 68 by the Assessing Officer was unjustified. The Tribunal found that the lower authorities failed to consider the evidence provided by the assessee, such as bank statements and confirmations. Consequently, the Tribunal reversed the CIT(A)'s decision, favoring the assessee. en-us Thu, 19 Dec 2024 00:00:00 +0530 Sat, 21 Dec 2024 08:53:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763528 The Tribunal allowed the appeal, holding that the addition of unexplained unsecured loans under Section 68 by the Assessing Officer was unjustified. The Tribunal found that the lower authorities failed to consider the evidence provided by the assessee, such as bank statements and confirmations. Consequently, the Tribunal reversed the CIT(A)'s decision, favoring the assessee. Case-Laws Income Tax Thu, 19 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763528