In the result, the appeal filed by the Assessee is hereby dismissed
Bench: Shri T.R. Senthil Kumar (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)
section 68 A. Credit worthiness of the person B. identity of the person and C. bonafide ness of the transaction is established. B REGARDING SECOND ADDITION ON ACCOUNT OF DISALLOWANCE OF INTEREST AMOUNTING TO Rs.64,68,238/- Your honour sir, the advances was given to the different persons with out interest as rightly observed by the Id. Assessing officer