2022 (7) TMI 511

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....ndera Singh, Jr.Standing Counsel with Ms.Vibhooti Malhotra, Sr.Standing Counsel, Mr.Udit Sharma and Mr.Ekansh Dubey, Advocates. For the Respondent : None. O R D E R Present Income Tax Appeal has been filed challenging the Order dated 17th September, 2019 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA 7622/Del/2018 for the Assessment Year 2015-16 insofar as it dismissed the cr....

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....opies of audited financial statement, acknowledgement of return of income, confirmation from lender, bank statement of lender have held that the lenders are entities duly assessed to tax and have made unsecured loans through banking channels, which fact has not been denied nor rebutted in the assessment order. CIT(A) and ITAT have also categorically held that the Assessee had furnished complete de....