https://www.taxtmi.com/caselaws?id=25011 The application under section 256(2) of the Income-tax Act, 1961 was rejected. The Tribunal's decision to delete the addition of Rs. 1,68,410 was confirmed, emphasizing the factual nature of the findings and the acceptance of the assessee's explanation by the Commissioner of Income-tax (Appeals) and the Tribunal. The reliance on the bank manager's letter supported the assessee's claim, refuting the need for physical verification by the bank. The inconsistencies in the Tribunal's findings were addressed, and the onus of proof regarding knowledge of goods sale was upheld in favor of the assessee. en-us Thu, 12 Nov 1987 00:00:00 +0530 Sat, 23 Jan 2010 17:38:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25011 The application under section 256(2) of the Income-tax Act, 1961 was rejected. The Tribunal's decision to delete the addition of Rs. 1,68,410 was confirmed, emphasizing the factual nature of the findings and the acceptance of the assessee's explanation by the Commissioner of Income-tax (Appeals) and the Tribunal. The reliance on the bank manager's letter supported the assessee's claim, refuting the need for physical verification by the bank. The inconsistencies in the Tribunal's findings were addressed, and the onus of proof regarding knowledge of goods sale was upheld in favor of the assessee. Case-Laws Income Tax Thu, 12 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25011