https://www.taxtmi.com/caselaws?id=17917 The High Court dismissed the application filed by the Commissioner of Income-tax under section 256(2) of the Income-tax Act, 1961. The Court upheld the Tribunal's decision that no question of law arose from the genuineness of cash credits issue for the assessment year 1985-86. The Court found the Tribunal's conclusion on the facts to be legally sound, emphasizing that transaction genuineness can be proven through documentation without requiring the physical presence of the creditor. The High Court deemed the Tribunal's decision as proper and did not find any illegality or perversity in its findings. en-us Fri, 22 Mar 1996 00:00:00 +0530 Fri, 25 Sep 2009 15:53:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17917 The High Court dismissed the application filed by the Commissioner of Income-tax under section 256(2) of the Income-tax Act, 1961. The Court upheld the Tribunal's decision that no question of law arose from the genuineness of cash credits issue for the assessment year 1985-86. The Court found the Tribunal's conclusion on the facts to be legally sound, emphasizing that transaction genuineness can be proven through documentation without requiring the physical presence of the creditor. The High Court deemed the Tribunal's decision as proper and did not find any illegality or perversity in its findings. Case-Laws Income Tax Fri, 22 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17917