https://www.taxtmi.com/caselaws?id=463970 HC upheld appellate findings largely in favour of the assessee. Additions based on seized diaries and alleged receivables were not sustained where documentation did not support claimed figures; concurrent factual findings that the sale consideration and transactional history showed no undisclosed income were left intact. Liabilities claimed as loans on the date of search (Rs. 35 lakhs claim with confirmations totaling Rs. 24 lakhs) were accepted by appellate authorities and reinstated. Bad-debt write-offs met conditions for deduction under Section 36(1)(vii) and were allowed. All substantial questions of law answered for the assessee. en-us Tue, 05 Aug 2014 00:00:00 +0530 Wed, 24 Sep 2025 20:44:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463970 HC upheld appellate findings largely in favour of the assessee. Additions based on seized diaries and alleged receivables were not sustained where documentation did not support claimed figures; concurrent factual findings that the sale consideration and transactional history showed no undisclosed income were left intact. Liabilities claimed as loans on the date of search (Rs. 35 lakhs claim with confirmations totaling Rs. 24 lakhs) were accepted by appellate authorities and reinstated. Bad-debt write-offs met conditions for deduction under Section 36(1)(vii) and were allowed. All substantial questions of law answered for the assessee. Case-Laws Income Tax Tue, 05 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463970