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Even in respect of the companies which have responded to the notices u/s 133(6), it is seen that the total income for the year under consideration is not commensurate with the level of investment made with the assessee company. For example, in the case of one M/s. Champion Vintrade Private Limited which has shown to have invested Rs.36,00,000/- in the shares of the assessee company, the total income from operation is only Rs. 1,16,611/- and the profit before tax is Rs. 10,535/-, no case has been made out by the assessee company which could explain the capacity of these companies to invest in its shares. Infact, the confirmation letter given by the said company unsigned, even the director of the assessee company in his statement could not identify the name of the director of the said company and stated that the director of the investing company was not known to him. Not only this, the copy of Bank Account shows regular flow of funds in the form of transfer entries with each debit preceded by corresponding credit entry or through transfer entries from one company to the other. In fact, in the Director's Report of the said company for the year in which it has claimed investment in the shares of the assessee company has been made, it has been stated by the Directors that its performances are not satisfactory. The Auditor's Report further certified that the company had incurred a ITA No 258/ALLD/2018 Assessment Year: 2013-14 M/s. Govind Stone Pvt. Ltd. v. ITO Banda cash loss of Rs. 7,844/- and the accumulated loss was Rs. 15,364/-. Thus, the essential ingredient of creditworthiness of the investors has not been established putting the genuineness of transactions with it in doubt. Similar is the case of M/s. Sandal Wood Commercial Private Limited which too has not furnished its ITR for A.Y. 2013-14, the year under consideration, even the copy of ITR for A.Y. 2011-12, which was furnished shows it had incurred a loss of Rs. 16,192/- during that year. In fact the assessee company has furnished the Balance Sheet and Profit & Loss A/c for F.Y. 2010-11 only which is not relevant to the year under consideration and shows NIL income from operations. The copy of Bank A/c furnished shows similar trail of transactions as in the case of M/s. Champion Vintrade Private Limited where entries from one company to other have been used to layer in the investment in the shares of the assessee company.