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2018 (12) TMI 994 - BOMBAY HIGH COURTAddition of bogus unsecured loans u/s 68 - Held that:- There are concurrent finding on facts rendered by the CIT(A) and the Tribunal holding that only ₹ 36 lakhs can be added to the declared income and the balance amount of ₹ 2.99 crores was not hit by section 68 of the Act. This finding is premised on the fact that no enquiry was made in respect of 76 creditors out of 77 creditors and the respondent had provided required documentary evidence in respect of the 76 creditors. Thus, these are essentially finding of fact and the view taken by the Tribunal is a possible view on these facts. In view of the above, the question as proposed does not give rise to any substantial question of law. Thus, not entertained.
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