https://www.taxtmi.com/caselaws?id=14590 The High Court directed the Tribunal to rehear the case on merits and deal with the points involved afresh, without answering the referred questions. The Tribunal's findings were challenged by the Revenue, arguing that the entries were mere book entries without physical movement of cash and that the assessee did not have adequate cash balance to make the payment. The High Court found that the factual aspects were not adequately considered by the Tribunal in light of the statutory provisions and principles. en-us Thu, 06 Apr 2000 00:00:00 +0530 Fri, 17 Jul 2009 13:14:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14590 The High Court directed the Tribunal to rehear the case on merits and deal with the points involved afresh, without answering the referred questions. The Tribunal's findings were challenged by the Revenue, arguing that the entries were mere book entries without physical movement of cash and that the assessee did not have adequate cash balance to make the payment. The High Court found that the factual aspects were not adequately considered by the Tribunal in light of the statutory provisions and principles. Case-Laws Income Tax Thu, 06 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14590