https://www.taxtmi.com/caselaws?id=16614 The petition under section 256(2) of the Income-tax Act, 1961 seeking direction to the Income-tax Appellate Tribunal for drawing up a statement of case and referring a question for the opinion of the High Court was rejected. The Tribunal's decision, which found the cash seized had been satisfactorily explained by the assessee, was upheld. The Tribunal's reliance on the director's statement and relevant circumstances led to the rejection of the Revenue's petition as it did not directly challenge the Tribunal's findings. The High Court emphasized the finality of the Tribunal's factual findings and limited jurisdiction to question without specific challenges in a reference. en-us Fri, 12 Dec 1997 00:00:00 +0530 Tue, 08 Sep 2009 18:13:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16614 The petition under section 256(2) of the Income-tax Act, 1961 seeking direction to the Income-tax Appellate Tribunal for drawing up a statement of case and referring a question for the opinion of the High Court was rejected. The Tribunal's decision, which found the cash seized had been satisfactorily explained by the assessee, was upheld. The Tribunal's reliance on the director's statement and relevant circumstances led to the rejection of the Revenue's petition as it did not directly challenge the Tribunal's findings. The High Court emphasized the finality of the Tribunal's factual findings and limited jurisdiction to question without specific challenges in a reference. Case-Laws Income Tax Fri, 12 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16614