https://www.taxtmi.com/caselaws?id=14159 In proceedings under section 144B(4), the Inspecting Assistant Commissioner recorded a factual finding that the assessee had adequate opportunity to explain the cash credit and had not used it. The Tribunal did not decide the separate jurisdictional question whether any fetter existed on admitting fresh evidence in such proceedings. As that issue was not dealt with by the Tribunal, it did not arise from the reference under section 256(1), and the High Court declined to express any opinion. The reference was therefore returned unanswered on the admissibility of fresh evidence question. en-us Tue, 20 Mar 2001 00:00:00 +0530 Tue, 14 Jul 2009 11:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14159 In proceedings under section 144B(4), the Inspecting Assistant Commissioner recorded a factual finding that the assessee had adequate opportunity to explain the cash credit and had not used it. The Tribunal did not decide the separate jurisdictional question whether any fetter existed on admitting fresh evidence in such proceedings. As that issue was not dealt with by the Tribunal, it did not arise from the reference under section 256(1), and the High Court declined to express any opinion. The reference was therefore returned unanswered on the admissibility of fresh evidence question. Case-Laws Income Tax Tue, 20 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14159