In the result, the assessee’s appeal is dismissed
Bench: Sh. Sanjay Arorai.T.A No.440/Asr/2017 Assessment Year:2011-12
249 ITR 125 (Guj), reproducing there-from. Both the deponents, i.e., Shri Babu Singh and Shri Harjeet Singh, had in their respective statements admitted to have advanced cash to the assessee, so that the rejection of their statements, forming part of the assessee’s explanation, as unsubstantiated, was not proper. Finally, reliance is placed on the decision