1984 (8) TMI 192 - AT - Income Tax

Summary

The appeal was against an addition of Rs. 7,500 as unexplained investment. The assessee had taken a loan from his brother with a loan agreement on stamped paper. The ITAT Patna held that the loan agreement, though not registered, confirmed the loan and the addition was not justified. The appeal was allowed, and the addition of Rs. 7,500 was deleted. (Case citation: 1984 (8) TMI 192 - ITAT PATNA)