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2008 (2) TMI 340 - HC - Income TaxITAT uphold the order of the CIT (A) and deleted the addition made by the Assessing Officer, on account of unexplained loans - ITAT has affirmed the order of CIT (A) while observing that the creditors were produced and their statements were recorded and in their statements, the creditors have confirmed having advanced loan to the assessee - held that in view of this material, the Assessing Officer was not justified in making addition – no substantial question of law arise
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