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In the result, the appeal is partly allowed
Bench: Shri M. Balaganesh & Shrianubhav Sharmaassessment Year : 2015-16 Shri Ashok J. Thapar Huf Vs. Dcit, A-3, Pamposh Enclave, Circle-62(1), New Delhi New Delhi Pan : Aadha7372L (Appellant) (Respondent)
unexplained transactions with two entities being more than ten years old, by no stretch can be termed as money lending business. The disallowance has rightly been upheld by Ld CIT (A). 9. The Bench has given thoughtful consideration to the matter on record and what comes up before us is that the agreement to sell for purchase of the property