C.N. Ramachandran Nair, J.@mdashHeard counsel for the appellant and standing counsel for the respondent. The only question raised for
decision is whether the Tribunal was justified in sustaining addition of cash credits u/s 68 of the I.T. Act. The loan creditors shown in the accounts
are admittedly close relatives of the assessee. The case of the assessee before the Tribunal as well as before this Court in this appeal is that some
of the loan creditors have confirmed transaction by appearing before the assessing officer, and so much so, loan credit stands proved and therefore
addition is not justified u/s 68 of the Act. We notice from the Tribunal''s order that Tribunal rejected the claim because except giving confirmation
letters, none of the loan creditors proved their source before the assessing officer. In fact no effort is seen made to establish that the loans are
advanced by close relatives to the assessee. We are in complete agreement with the finding of the Tribunal because close relatives are prone to
help the assessee in the income tax proceedings and unless they prove their source, credits claimed by them cannot be accepted. We are not told
the reason why the source of funds could not be explained by the assessee''s relatives in whose name credits were shown in the account. Want of
source of fund affects the genuineness of the translation and unless source is proved, the loan creditors cannot be said to have discharged the duty
of proving that the loans shown in the accounts were genuinely advanced by them to the assessee. The Tribunal also noticed that no proof was
produced regarding repayment of loan credits. Section 269(ss) of the Act provides for payment and repayment of loans in excess of Rs. 20000/-
through account payee cheques. There is no proof produced before the Tribunal to show that loans taken were through account payee cheques or
were repaid through such instruments in accordance with statutory provisions. In the circumstances, we find no ground to interfere with the order
of the Tribunal. There is no scope for entertaining additional evidence at this distance of time in this Court in appeal proceedings u/s 260A of the
Act. We therefore dismiss the appeal.