Assessee  had taken loan of Rs. 1.25 crores in cash from its sister concerns and offered explanation that amounts were taken in cash for making labour payments at far off places and there was an urgency to do so.  Assessing Officer rejected explanation and imposed penalty.  Commissioner (Appeals) allowed appeal which was up held by the Tribunal. On appeal by Revenue  the Court  up held the order of the Tribunal.  (AY. 2013-14)