https://www.taxtmi.com/caselaws?id=469136 An addition for unexplained expenditure on alleged interest paid on cash loans was deleted because it rested only on suspicion and conjecture, with no direct evidence of cash transactions between the assessee and the alleged lender. The Tribunal also noted that an identical issue on the same facts had already been decided in the assessee's favour in a succeeding year, and the earlier coordinate Bench had found the assessment unsustainable for want of evidence. The substantive addition therefore did not survive, and relief was granted to the assessee to that extent. en-us Thu, 27 Feb 2025 00:00:00 +0530 Wed, 03 Jun 2026 21:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469136 An addition for unexplained expenditure on alleged interest paid on cash loans was deleted because it rested only on suspicion and conjecture, with no direct evidence of cash transactions between the assessee and the alleged lender. The Tribunal also noted that an identical issue on the same facts had already been decided in the assessee's favour in a succeeding year, and the earlier coordinate Bench had found the assessment unsustainable for want of evidence. The substantive addition therefore did not survive, and relief was granted to the assessee to that extent. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469136