https://www.taxtmi.com/caselaws?id=19855 The court upheld the Tribunal's decision, emphasizing that it was based on findings of fact and did not raise any legal questions. The application to direct the Tribunal to refer questions to the court was rejected, with costs imposed on the assessee. The court found that the Tribunal's reliance on the unsigned stock statement and rejection of the bank certificate were justified, as the assessee failed to provide credible evidence to support their claims. The court highlighted that the burden of proof was on the assessee, which they did not discharge, leading to the affirmation of the Tribunal's decision based on reasonable inference from the evidence. en-us Mon, 31 Jan 1994 00:00:00 +0530 Tue, 10 Nov 2009 12:21:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19855 The court upheld the Tribunal's decision, emphasizing that it was based on findings of fact and did not raise any legal questions. The application to direct the Tribunal to refer questions to the court was rejected, with costs imposed on the assessee. The court found that the Tribunal's reliance on the unsigned stock statement and rejection of the bank certificate were justified, as the assessee failed to provide credible evidence to support their claims. The court highlighted that the burden of proof was on the assessee, which they did not discharge, leading to the affirmation of the Tribunal's decision based on reasonable inference from the evidence. Case-Laws Income Tax Mon, 31 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19855