https://www.taxtmi.com/caselaws?id=61394 The Tribunal's deletion of the addition relating to stock pledged with the bank was treated as a finding of fact, reached on material and circumstantial evidence showing the stock statements were mechanical and motivated and that the alleged stock discrepancy was not sustainable. On that basis, no referable question of law arose from the main issue. The subsidiary challenge to the CIT's reduction of the addition was only consequential and became academic once the entire addition was deleted, so it too did not warrant a reference. The reference applications were therefore rejected. en-us Mon, 13 Jul 1987 00:00:00 +0530 Wed, 12 Jan 2011 15:06:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61394 The Tribunal's deletion of the addition relating to stock pledged with the bank was treated as a finding of fact, reached on material and circumstantial evidence showing the stock statements were mechanical and motivated and that the alleged stock discrepancy was not sustainable. On that basis, no referable question of law arose from the main issue. The subsidiary challenge to the CIT's reduction of the addition was only consequential and became academic once the entire addition was deleted, so it too did not warrant a reference. The reference applications were therefore rejected. Case-Laws Income Tax Mon, 13 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61394