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2017 (1) TMI 393 - AT - Income TaxDisallowance of unexplained liability - Held that:- We find that T&C had categorically stated that outstanding amount was ₹ 6.58 lakhs and not ₹ 20.90 lakhs, that the assessee had not brought on record to prove that there was advancement of loan on behalf of T&C to Saif Steel. In these circumstances, we are of the opinion that direct issue by FAA need no interference from our side.Confirming the his order, we decide the ground against the assessee.
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