Assessee Validates Unsecured Loan with Documentation Confirming Lender's Identity, Creditworthiness, and Transaction Authenticity.

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Full Text of the Document

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....Unexplained unsecured loan - the necessary papers to establish genuineness of the transaction were filed and the assessee had proved beyond doubt the identity of the lender, credit worthiness and the genuineness. By filing these requisite documents, the assessee established the Identity of the creditor, genuineness of the transaction and creditworthiness of the creditor. Thus, the assessee had satisfied all the three conditions required for genuineness of the transaction - AT....