TMI Blog2022 (7) TMI 511X X X X Extracts X X X X X X X X Extracts X X X X ..... ent of return of income, confirmation from lender, bank statement of lender have held that the lenders are entities duly assessed to tax and have made unsecured loans through banking channels, which fact has not been denied nor rebutted in the assessment order. CIT(A) and ITAT have also categorically held that the Assessee had furnished complete details and evidences to discharge the burden in res ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... JUSTICE MANMOHAN AND HON'BLE MS. JUSTICE MANMEET PRITAM SINGH ARORA For the Appellant : Mr.Shailendera Singh, Jr.Standing Counsel with Ms.Vibhooti Malhotra, Sr.Standing Counsel, Mr.Udit Sharma and Mr.Ekansh Dubey, Advocates. For the Respondent : None. O R D E R Present Income Tax Appeal has been filed challenging the Order dated 17th September, 2019 passed by the Income T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion of paper work/documentation. A perusal of the paperbook reveals that CIT(A) and ITAT after examining the copies of audited financial statement, acknowledgement of return of income, confirmation from lender, bank statement of lender have held that the lenders are entities duly assessed to tax and have made unsecured loans through banking channels, which fact has not been denied nor rebutted ..... X X X X Extracts X X X X X X X X Extracts X X X X
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