2018 (7) TMI 499

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..... ced on record by the respective parties, so that it is confirmed that they had advanced loan to the assessee against interest through bank channel or not. In view of this stand taken by the High Court, we are not inclined to entertain this special leave petition which is, accordingly, dismissed. As made clear that the Assessing Officer shall examine the issue afresh on the basis of material .....

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..... gh bank channel or not. In view of this stand taken by the High Court, we are not inclined to entertain this special leave petition which is, accordingly, dismissed. However, it is made clear that the Assessing Officer shall examine the issue afresh on the basis of material produced before it and in accordance with law, independently, notwithstanding the observations of the High Court in par .....

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