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2019 (6) TMI 1285 - AT - Income TaxAddition u/s 68 - unexplained cash credit on the basis of information received from the office of Additional Directors of Income Tax - notices issued u/s. 133(6) to the parties were returned unserved - HELD THAT:- The assessee has received unsecured loan from different parties in both the assessment years. Due information has been received and the enquiry by the Assessing Officer duly proved that these are accommodation entries. AO duly issued notices and assessee has not at all been able to prove the identity of the parties. Elaborate enquiry by the AO duly proved that assessee is recipient of bogus accommodation entry in the garb of unsecured loan. The view of the authorities below is duly supported by the decision in the case of Pr.CIT Vs. NRA Iron and Steel Pvt. Ltd. [2019 (3) TMI 323 - SUPREME COURT] wherein it was duly expounded that by merely producing documentary evidence assessee is not relieved of its onus to prove that it is not a party to the receipt of accommodation entries, if Assessing Officer's enquiry duly prove the bogus nature of transaction. Accordingly, we don't find any infirmity in the well reasoned orders of the authorities below. Accordingly, we confirm the same. - Appeals filed by the assessee is dismissed.
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