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2009 (1) TMI 61 - HC - Income TaxUnexplained credit - assessee had moved an application u/s 131, requiring the AO to summon the loanees (creditors) - since the Assessing Officer had taken no action, the assessee had not been afforded an adequate opportunity of discharging the onus placed on his shoulder u/s 68 - it was imperative for the AO to summon the loanees, and to record their statements u/s 131 – Tribunal is justified in remanding the matter and requiring the AO to issue notices to loanees u/s 131
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