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2010 (9) TMI 889 - HC - Income TaxWhether Tribunal was justified in upholding the addition on account of unsecured loans even though the creditors have confirmed the same along with bank statement and source being with them – Held that:- two cash credits allegedly advanced by Rosy Chhabra wife of the assessee amounting to Rs. 73,145/- and Sanjit Kumar cousin of the assesses in respect of Rs, 1,00,000/- and the interest paid by the assesses thereon of Rs.460/- and Rs.535/- respectively were unexplained cash credit which were added under Section 68 of the Act. two cash credits were the unexplained money of the assessee introduced by him in the business. appeal is accordingly dismissed.
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