Held that the assessee has produced confirmation of the loans, PANs, bank statements and acknowledgements of IT returns of the lenders and also adduced evidence to show that the said loans have been repaid in the subsequent year, addition is deleted.(AY.2014-15)
White Willow v. ITO (2023) 37 NYPTTJ 1154 / (2024) 230 TTJ 969 / 240 DTR 193 (Surat)(Trib)
S. 68 : Cash credits-Loan-Produced confirmation, PANs, bank statements and acknowledgements of IT returns of the lenders-Addition is deleted.