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2013 (4) TMI 94 - HC - Income TaxGenuineness of the loan - addition - Held that:- In the present case, Tribunal while adjudicating the said issue observed that the perusal of the bank account of Shri Charan Singh depicted a uniform pattern of deposits of Rs. 5 lacs and immediate withdrawal thereafter which had not been explained. - The documents are incomplete further no evidence of agricultural operation being done by Shri Charan Singh had been brought on record. Tribunal on appreciation of evidence, thus, had come to the conclusion that the loan shown by the appellant was not genuine. - Addition confirmed - decided against the assessee.
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