Dismissing the appeal of the revenue the Tribunal held that, the assessee being a finance broker no cash loan was given the CIT(A) was justified in deleting the addition as unexplained investment and interest. (AY. 2011-12)
ACIT v. Dilip Kumar Mahendra Kumar Jain (2021) 86 ITR 390 (Indore) (Trib.)
S. 69 : Unexplained investments-Search and seizure-Finance broker-Interest income-No cash loan-Deletion of addition is justified. [S. 132]