570 results for “bogus purchases”+ Unexplained Cash Creditclear
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In the result, all the seven captioned appeals filed by the assessee stand dismissed in the aforesaid manner
Bench: Shri Chandra Mohan Garg & Shri M. Balaganesh, Accoutant Member
unexplained cash credit in the hands of the assessee. The ld. Counsel for the assessee, on being asked by the Bench submitted that he has no information in his hand as to whether the assessee has paid any interest on the impugned unsecured loan or has repaid the same to the creditor Sh. Ummed Singh. Therefore, we safely hold that