https://www.taxtmi.com/caselaws?id=13510 The High Court dismissed the Revenue's appeal under section 260A of the Income-tax Act, 1961 against the Income-tax Appellate Tribunal's decision. The Tribunal's findings on the identity and credit-worthiness of individuals providing loans and gifts were upheld, emphasizing transactions through bank drafts or cheques. The Court held that no substantive legal question existed for appeal, as factual determinations on credit-worthiness and identity were within the Tribunal's purview. Consequently, the High Court affirmed the Tribunal's decision, denying admission of the Revenue's appeal. en-us Thu, 18 Jan 2007 00:00:00 +0530 Fri, 29 May 2009 12:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13510 The High Court dismissed the Revenue's appeal under section 260A of the Income-tax Act, 1961 against the Income-tax Appellate Tribunal's decision. The Tribunal's findings on the identity and credit-worthiness of individuals providing loans and gifts were upheld, emphasizing transactions through bank drafts or cheques. The Court held that no substantive legal question existed for appeal, as factual determinations on credit-worthiness and identity were within the Tribunal's purview. Consequently, the High Court affirmed the Tribunal's decision, denying admission of the Revenue's appeal. Case-Laws Income Tax Thu, 18 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13510