No Section 2(22)(e) addition if money lending was part of business

M.L. Singhi & Associates (P) Ltd. Vs DCIT (ITAT Delhi)

No addition could be made against the assessee if no incriminating material was found during the course of search

It is not in dispute that whatever queries were raised by the A.O. time to time, have been replied by assessee along with documentary evidences. All the replies filed by assessee along with documentary evidences are filed in the paper book. The assessee explained each and every Investor Company. It is not in disput

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