Assessing Officer Accepts Loan Repayment Under Income Tax Act Section 69A After Authenticity Concerns Dismissed.

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....Addition u/s 69A - there is no doubt with regard to recording of repayment of loan in the books of account and the source of such fund. What the Assessing Officer has doubted to disallow the repayment is the genuineness of unsecured loans received by the assessee in the earlier assessment years - no additions - AT....