https://www.taxtmi.com/caselaws?id=57267 The Tribunal upheld the CIT(A)'s decision to delete the addition of unsecured loans and the disallowance of interest. The assessee successfully proved the identity of the creditors, creditworthiness, and genuineness of the transaction, shifting the burden of proof onto the Department. Judicial precedents supported the assessee's position, leading to the dismissal of the Department's appeal. en-us Thu, 18 Oct 2001 00:00:00 +0530 Thu, 09 Dec 2010 12:17:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57267 The Tribunal upheld the CIT(A)'s decision to delete the addition of unsecured loans and the disallowance of interest. The assessee successfully proved the identity of the creditors, creditworthiness, and genuineness of the transaction, shifting the burden of proof onto the Department. Judicial precedents supported the assessee's position, leading to the dismissal of the Department's appeal. Case-Laws Income Tax Thu, 18 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57267