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43. However, in this regard, the assessee had submitted all the required documents in respect of each party in the details of which are given herein below:

"35. Mr. Suresh Sharma Rs. 16,50,000/- Assessee submitted following documents in respect of loan transaction:
a. Copy of Pan Card b. Adhar Card c. Income tax return d. Loan confirmation P a g e | 17 A.Y. 2014-15 Pratap Uttam Purohit e. Copy of Bank statement of Suresh Sharma showing payment made to dev engineer.
36. Sukhi Devi B Zala Rs. 15,00,000/-:- Assessee submitted Following documents in respect of loan transaction.

a. Copy of PAN Card b. Copy of Adhar card c. Ledger confirmation.

P a g e | 18 A.Y. 2014-15 Pratap Uttam Purohit d. Copy of Bank statement of Sukhi Devi B Zala showing loan given to Dev Engineer e. Copy of bank Statement showing interest received from Dev Engineer f. Copy of bank Statement showing loan received back from Dev Engineer g. TDS Certificate h. Copy of Bank statement of repayment of Loan by Assessee. i. Assessee also filed Balance Sheet before A.O. same is reported at page 24 of A.O. Order.

AY 2018-19 P a g e | 19 A.Y. 2014-15 Pratap Uttam Purohit 15.06.2017 15,00,000/- 31.03.2018 33,750/- 31.03.2018 33,750/-

38. Ms Ratudevi Choudhary Rs. 20,00,000/-:- Assessee submitted Following documents a. Copy of Pan Card b. Adhar Card c. Income tax return d. Loan confirmation e. Copy of Bank statement of Ratudevi Choudhary showing payment made to Dev Engineer of Rs. 20,00,000- f. Copy of Bank Statement of Ratudevi Choudhary showing interest received. i. Copy Of Bank Statement Showing repayment of loan. g. Copy of Bank statement of Dev Engineering showing loan received. h. Form 15H 15G received from client and same is intimated to TDS department on 10.04.2014 i. Copy of Reply filed by Ratudevi Choudhary u/s 131 on dated 07.12.2016 to ACIT 32(3) j. Copy of justification filed for source of source by Ratudevi Choudhary on 13.12.2016 to Assessing officer Marudhar Fab 50,000- Classic Trading co 4.00.000/-

45. Drashi Gems Pvt Ltd Rs.55,00,000/-:- Assessee furnished the following documents in support of loan.

a. Income Tax Return Acknowledgement b. copy of Screen Shot from Ministry of Corporate affairs about status of company c. Ledger Confirmation d. Copy of Bank Statement of Dev Engineers showing loan received e. Copy of Bank Statement of DGPL showing loan payment to assesse f. Copy of Bank Statement of Dev Engineers showing loan paid g. TDS Certificate h. Ledger Accounts i. Tax Audit Report and ITR Form Annual Accounts j. Ld. A.O. failed to analysis bank statement of Drashi Gems Pvt Ltd whereas there is credit entry on 25.05.2013 of Rs. 36,00,000/- from Krishna raj Daimond and there is also credit entry on 23.05.2023 of Rs. 20,09,000/- from Sugan Exim P L on 23.05.2013. Drashi Gems Pvt Ltd advanced money from this known sources and which is clearly reflated in bank statement of Drashi Gems Pvt Ltd. there is no cash deposited in the bank statement of 48. Drashi Gems Pvt Ltd k. A summary of each transaction reproduced as under:-