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![Interest-bearing Unsecured Loans are allowable as Income Tax Deduction u/s.57(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Interest-unsecured-loans-deduction-ITA-ITAT-taxscan.jpg "Interest-bearing Unsecured Loans are allowable as Income Tax Deduction u/s.57(iii): ITAT [Read Order]")
Interest-bearing Unsecured Loans are allowable as Income Tax Deduction u/s.57(iii): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur bench consisting of Ravish Sood, Judicial Member, and Rathod Kamlesh Jayantbhai, Accountant Member...
![ITAT confirms Order of AO where Assessee failed to produce Supporting Evidence on Claim of Unsecured Loans [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-order-AO-assessee-produce-supporting-evidence-claim-unsecured-loans-Taxscan.jpeg "ITAT confirms Order of AO where Assessee failed to produce Supporting Evidence on Claim of Unsecured Loans [Read Order]")
![No Addition can be made on account of Unsecured Loans if assessee proves Genuineness: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/unsecured-loans-ITAT-Taxscan.jpg "No Addition can be made on account of Unsecured Loans if assessee proves Genuineness: ITAT [Read Order]")