On the basis of information  from Investigation Wing that lenders from whom assessee acquired loans were indulged in bogus accommodation entries  the Assessing Officer made addition  as cash credits in respect of loan from various parties. On appeal the CIT(A) held that  the Revenue had recorded statement of director of a lender who confirmed transaction of loan and even assessee produced affidavits and notices issued by revenue under sections 131 and 133(6) which were duly complied with by its creditors. CIT(A) also held that  there was no link found in documents and financial statements of companies concerned and  the assessee was not granted an opportunity to cross-examine person whose statements were recorded during investigation. Accordingly the addition was deleted. Order of CIT(A) was affirmed by the Tribunal. On appeal by Revenue High Court affirmed the order of Tribunal.