https://www.taxtmi.com/caselaws?id=29127 The High Court of Delhi dismissed four applications under section 256(2) of the Income Tax Act, 1961, related to multiple assessment years due to the assessee's involvement in name-lending rather than genuine money-lending business. The court emphasized the need for separate reference applications for each assessment year and highlighted the burden of proof on parties to establish transaction authenticity. The applications were rejected as the court deemed the questions raised to be factual rather than legal, reinforcing the significance of factual evidence in tax assessments. en-us Fri, 21 May 1982 00:00:00 +0530 Thu, 11 Mar 2010 10:33:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29127 The High Court of Delhi dismissed four applications under section 256(2) of the Income Tax Act, 1961, related to multiple assessment years due to the assessee's involvement in name-lending rather than genuine money-lending business. The court emphasized the need for separate reference applications for each assessment year and highlighted the burden of proof on parties to establish transaction authenticity. The applications were rejected as the court deemed the questions raised to be factual rather than legal, reinforcing the significance of factual evidence in tax assessments. Case-Laws Income Tax Fri, 21 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29127