Supreme Court affirms Tribunal's ruling on cash credit entries, High Court upholds decision, appeal dismissed.
Commissioner of Income-Tax, Uttar Pradesh Versus Bharat Engineering And Construction Co.
Commissioner of Income-Tax, Uttar Pradesh Versus Bharat Engineering And Construction Co. - [1972] 83 ITR 187 (SC), [1972] CTR (SC) 247, 1972 (4) SCC 401 The Supreme Court held that the Tribunal's findings on cash credit entries totaling Rs. 2,50,000 were final as a question of fact. The High Court affirmed the Tribunal's decision, leading to the dismissal of the appeal. No costs were awarded.