https://www.taxtmi.com/caselaws?id=28264 A reference under section 256(2) of the Income-tax Act was held unavailable where the Tribunal's finding on the genuineness of a cash credit was purely factual. Although two cash credits were remitted for fresh consideration, the Tribunal had already recorded that the assessee failed to prove genuineness in respect of the third credit. That conclusion depended on appreciation of evidence and did not raise any question of law for reference. The application for reference was therefore rejected, and the assessee's claim failed. en-us Mon, 17 Jan 1983 00:00:00 +0530 Sat, 20 Feb 2010 10:54:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28264 A reference under section 256(2) of the Income-tax Act was held unavailable where the Tribunal's finding on the genuineness of a cash credit was purely factual. Although two cash credits were remitted for fresh consideration, the Tribunal had already recorded that the assessee failed to prove genuineness in respect of the third credit. That conclusion depended on appreciation of evidence and did not raise any question of law for reference. The application for reference was therefore rejected, and the assessee's claim failed. Case-Laws Income Tax Mon, 17 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28264