https://www.taxtmi.com/caselaws?id=21007 The High Court upheld the decision of the Income-tax Appellate Tribunal to delete the addition of Rs. 2,06,284 to the assessee's income for the assessment year 1984-85. The Tribunal accepted the explanation provided by the assessee, based on affidavits and evidence, that the disputed silver was borrowed and returned within the same year. The Court found the Tribunal's decision well-supported by factual findings and evidence, emphasizing that questions of sufficiency of evidence and genuineness of transactions are matters of fact, not law. As there was no legal question raised, the Court rejected the application and imposed costs on the applicant. en-us Tue, 21 Jul 1992 00:00:00 +0530 Wed, 18 Nov 2009 16:19:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21007 The High Court upheld the decision of the Income-tax Appellate Tribunal to delete the addition of Rs. 2,06,284 to the assessee's income for the assessment year 1984-85. The Tribunal accepted the explanation provided by the assessee, based on affidavits and evidence, that the disputed silver was borrowed and returned within the same year. The Court found the Tribunal's decision well-supported by factual findings and evidence, emphasizing that questions of sufficiency of evidence and genuineness of transactions are matters of fact, not law. As there was no legal question raised, the Court rejected the application and imposed costs on the applicant. Case-Laws Income Tax Tue, 21 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21007