Q. Regarding non payment of unsecured Loan
If the Assessee has taken the loan of Rs.5 Lacs in the year 2002 and it is not still paid
and the same party is also not traceable in that case if the case was selected in Scrutiny
Can the Assessing Officer add this as Income of the Assessee .Please advice to us
Q. Regarding Unsecured Loan taken and Payment
If the Assessee has taken the loan of Rs.2 Lacs in the year 2003 and it is not still paid
and in this year if the loan is paid and confirmation not received from the party and in that case if the case was selected in Scrutiny. What action to be taken by the Assessing Officer please advice to us
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