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2012 (6) TMI 17 - HC - Income TaxAddition u/s 56(2)(v) with regard to the alleged loans taken by the assessee - addition made on the ground that the assessee could not show that the loans had been repaid and since no interest was paid on the purported loans, the said amounts were to be regarded as payments received without consideration - Held that:- Since the material with regard to the repayment of the loan was not before the Tribunal, hence it would be appropriate if the impugned order is set aside and the matter is remitted to the Tribunal to consider the issue afresh.
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