https://www.taxtmi.com/caselaws?id=460647 Additional evidence admitted at first appeal and verified in remand supported deletion of a section 68 addition on unsecured loans, because the Assessing Officer accepted the documents as submitted, verified and satisfactory and identified no defect in the verification. The same approach sustained relief on interest expenditure: the appellate authority deleted the disallowance except for interest attributable to delayed payment of TDS and VAT, which was treated as not allowable on remand. The record therefore showed no infirmity in the appellate relief, and the Revenue could not dislodge the findings without demonstrating a specific flaw in the verification of the evidence. en-us Wed, 12 Jun 2024 00:00:00 +0530 Fri, 07 Feb 2025 19:19:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460647 Additional evidence admitted at first appeal and verified in remand supported deletion of a section 68 addition on unsecured loans, because the Assessing Officer accepted the documents as submitted, verified and satisfactory and identified no defect in the verification. The same approach sustained relief on interest expenditure: the appellate authority deleted the disallowance except for interest attributable to delayed payment of TDS and VAT, which was treated as not allowable on remand. The record therefore showed no infirmity in the appellate relief, and the Revenue could not dislodge the findings without demonstrating a specific flaw in the verification of the evidence. Case-Laws Income Tax Wed, 12 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460647