Addition can’t be made Merely Because Transaction not made through banking Channel

At the time of hearing the ld. Counsel appearing on behalf of assessee 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 & Expenditure A/c. Bank Statement and Banker’s Certificate, Ghisaram M.Nirban’s I.T.Return Ack., Capital A/c, Balance...