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2013 (1) TMI 793 - AT - Income TaxWhether addition made u/s 68 on unsecured loans are bogus - Held that:- The assessee had filed before the authority the confirmations of bank account - creditors of the assesses are existing asseseess of the department having permanent account numbers - money has been received by cheque thus genuineness of transaction has been rightly accepted - hence the assessee has satisfactorily discharged its onus in establishing the genuineness of the claimed credit - Decided against the revenue
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