FEMA, BANKING amp; INSURANCE LAWS : Where appellant claimed to have advanced loan of Rs. 20 lakhs through cheque to respondent company, out of which Rs. 10 lakhs remained unpaid, however, though appellant had sufficient materials, more particularly, documentary proof like his bank pass book, statement of account, register, etc., to show transaction of loan with respondent company, admittedly, he had not produced any one of them, therefore
from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000319577/recovery-suit-was-rightly-dismissed-by-trial-court-as-appellant-couldn’t-produce-evidence-to-prove-transaction-of-loan-hc.aspx
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