Addition u/s 68 can be made for non production of lenders

IN THE ITAT AGRA BENCH Smt. Suman Gupta v/s. Income-tax Officer, Ward 1, Aligarh IT APPEAL NO. 454 (AGRA) OF 2009 [ASSESSMENT YEAR 2007-08] MARCH 16, 2012 ORDER Bhavnesh Saini, Judicial Member This appeal by the assessee is directed against the order of ld. CIT(A), Ghaziabad dated 24.09.2009 for the assessment year 2005-06. 2. The assessee raised several grounds of appeal. The assessee has also filed concise grounds of appeal in which he has challenged the addition of Rs. 13,00,000/- on account of unexplained cash credits/loans u/s. 68 of the IT Act and disallowance of 20% exp...