It provided a detailed breakdown of the deposits, showing that the bulk of the funds—₹1,11,66,300—came from members as loan repayments and various deposits. The ITAT concluded that this argument did not hold up against the requirements of Section 68 of the Income Tax Act. The appellant submitted that the activity of the credit co-op. Therefore after 6.15 p.m. of 11/11/2016, the appellant submitted that it had not accepted any SBNs from its members. The assessee submitted before the AO that these amounts were deposited by their customers towards the loan installments.