https://www.taxtmi.com/article/detailed?id=16606 Revenue appeals were dismissed where the alleged cash-loan transactions were found to be recorded in the books and routed through banking channels, with loan ledgers, interest ledgers, TDS details, and tax audit disclosures supporting the assessee. The notional interest addition was deleted because the loans were not cash loans and the interest was also accounted for and paid through banks. Penalty proceedings under sections 271D and 271E had already been dropped after verification found no cash loan or cash repayment. en-us Tue, 09 Jun 2026 07:51:30 +0530 Tue, 09 Jun 2026 07:51:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16606 Revenue appeals were dismissed where the alleged cash-loan transactions were found to be recorded in the books and routed through banking channels, with loan ledgers, interest ledgers, TDS details, and tax audit disclosures supporting the assessee. The notional interest addition was deleted because the loans were not cash loans and the interest was also accounted for and paid through banks. Penalty proceedings under sections 271D and 271E had already been dropped after verification found no cash loan or cash repayment. Articles Income Tax Tue, 09 Jun 2026 07:51:30 +0530 https://www.taxtmi.com/article/detailed?id=16606