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Bench: Shri Chandra Mohan Garg & Shri Pradip Kumar Kedia
TDS provisions. The interest income is also shown to be declared in I.T.A. No.854/Del/2020 7 the respective returns of the lender companies. (c) that the AO has not considered it necessary to make any independent inquiry with lenders under Section 133(6)/131 of the Act. The AO has proceeded to formulate opinion on bona fides of such loans