Dear friends,
A.O. finds one unaccounted bank account of the assessee during his scrutiny. He sends notice U/s. 143 to the assessee and called explanations for each entry of cash deposit amounting to Rs. 15.00 lacs. Assessee represents that these are cash loans taken by him from his family friends below Rs. 20,000/- and submits their loan confirmation letters with a reply that the same have been repaid during the same year in cash only. Can the A.O. call these persons u/s. 131? And if yes, whether an affidavit duly certified by the Notary can be filed in place of personal presence?
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