In the result, the appeal of the Revenue is dismissed
Bench: Shri Sunil Kumar Singh & Shri Manish Agarwal
bogus in nature as the creditworthiness of the creditors was not proved. Thereafter, the assessment was completed at a total income of Rs. 17,02,25,505/- after making addition by holding the unsecured loans as unexplained cash credits u/s 68 of the Act. Against such order the assessee filed appeal before the ld. CIT(A) who vide impugned order