Assessing Officer Lacks Evidence to Challenge Loan Genuineness u/s 69A; No Cash Deposits Found in Bank Statement.

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....Addition on protective basis u/s. 69A - The loan was received from normal banking channel as evident from the bank statement there was no cash deposited in the account of the assessee prior to giving of the loan. The Assessing Officer has not brought any material or evidences on record to disprove the aforesaid facts and evidences submitted by the assessee in support of genuineness of the loan transactions - AT....