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2018 (4) TMI 575 - HC - Income TaxAddition on account of unsecured loans - transaction shown as gift - Held that:- CIT (A) has rightly observed that this is not a gift and taking into consideration that the donor has a sufficient fund and that is not in dispute that the amount which has been paid by the HUF was not having sufficient fund. In that view of the matter, we are confirming the order of CIT (A) and the Tribunal. - Decided in favour of assessee
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