2002 (1) TMI 19

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....Tribunal has referred the following questions for the opinion of this court: "(i) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in deleting the cash credit of Rs.10,000 in the name of Shri Phool Chand Jain and interest of Rs.900 thereon? (ii) Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in deleting the inte....

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.... is established. The cash creditor has confirmed the loan. In these facts and circumstances it cannot be said that the finding of the Tribunal is perverse. The fact regarding the issue in the second question that the amount of Rs.5,851 has been paid to Raj Roop Kirtichand Tak, the finding of the Tribunal is that Raj Roop Kirtichand Tak is not a partner and if the amount of deposit made with the....