TaxTMI 
TaxTMI 
2012 (9) TMI 1189
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....ao, AM The above appeal is filed by assessee against order dated 31.05.2011 of the ld. CIT-(A)-XXX, Kolkata pertaining to A.Yr. 2007-08. 2. The grounds raised by assessee in this appeal are as under :- "1) For that under the facts and circumstances of the case the learned C.I.T.(Appeals) erred and acted unjudiciously in doubting the genuineness of and confirming the addition of unsecured loans....
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....r adjusting the interest from debtors. During the course of hearing, while the A/R of the assessee was asked to produce the loan confirmation and present address of the loan creditors. He failed to file the details of the loan creditors merely a statement of names of some persons/concern, to whom the assesses paid interest. Therefore, in absence of loan confirmation it is established that the asse....
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....ever, he confirmed the loan creditors to the extent of ₹ 6,02,714/- and interest on the above amounting to ₹ 2,714/- by observing as under :- "Creditors have not independently confirmed their loan transaction to the A.O despite the issue of notice u/s. 133(6) by him and despite efforts by the appellant these creditors have not sent their confirmations independently to the A.O for his....
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....e by referring to the paper book at page nos.9 to 31 which contain copies of Kishanlal M.Dayama's I.T.Return Ack., P&L A/c Capital A/c, Balance Sheet and Banker's Certificate, Copies of Rajesh Kaishchand Vyasa's I.T.Return Ack; Brokerage A/c, Interest A/c., Capital A/c, Balance Sheet and PAN Card, Banker's Certificate and Bank statement, Jagdishprasad M.Devmurari's I.T.Return Ack., Income & Expend....