Assessee Clarifies Lenders' Details; No Evidence of Circular Transactions or Syndicate Involvement u/s 68.

Unexplained cash credit u/s 68 - the assessee furnished all such details of the lenders/ depositors. There is no allegation of assessing officer that any of such lenders/ creditors are part of syndicate of accommodation entry provider. There is no evidence that credit/ advance in the books of assessee was result of some circular transactions. - AT .....

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