2001 (7) TMI 103

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....rder of the Income-tax Appellate Tribunal impugned in this appeal filed by the assessee under section 260A of the Income-tax Act, 1961, we finding question of law much less substantial question of law in the appeal as is required to be made out being the sine qua non for invoking the jurisdiction conferred under section 260A ibid and hence we have no option but to dismiss the appeal in limine. ....

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....he assessee. In the opinion of the Tribunal since the assessee failed to comply with the directions issued by the Tribunal in the earlier round of litigation by not filing any documents to prove the genuineness of the transactions it has to held to be the income in the hands of the assessee. In a case like the one it is a pure question of fact, namely, whether the transaction in question is gen....