2018 (9) TMI 1698

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ipul Kundalia, Adv. And Mr. Sujit Mitra, Adv ORDER The Court : We are of the opinion that this is not a case, involving any substantial question of law deserving to be admitted under Section 260A of the Income Tax Act, 1961. However, in our opinion, the grievance of the appellant is substantial and the Court cannot shut its eyes to it. This would work injustice. Hence, we have decided to reman....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ee have been clean and honest, there is no need for the Court or any authority to try to unearth the source of the creditors' funds from which he repaid the assessee. But when elements like collusion between the assessee and the so called creditors or setting up funds with the so called creditors to hold the assessee's money and to retransfer it to the assessee or any other kind of fraud is involv....