https://www.taxtmi.com/caselaws?id=18476 Addition under section 69D could not be sustained without a finding on whether the instrument executed by the borrowers was a hundi or a promissory note, because that factual classification was essential to apply the provision. As the necessary finding had not been recorded, the reference could not be answered on the existing record and was returned unanswered. The matter was remitted to the Tribunal for decision on merits in accordance with law. en-us Fri, 10 Mar 1995 00:00:00 +0530 Thu, 01 Oct 2009 12:07:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18476 Addition under section 69D could not be sustained without a finding on whether the instrument executed by the borrowers was a hundi or a promissory note, because that factual classification was essential to apply the provision. As the necessary finding had not been recorded, the reference could not be answered on the existing record and was returned unanswered. The matter was remitted to the Tribunal for decision on merits in accordance with law. Case-Laws Income Tax Fri, 10 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18476