TaxTMI 
TaxTMI 
1995 (12) TMI 51
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.... the opinion of this court : " (1) Whether, on the facts and in the circumstances of the case, the Tribunal was correct in law in deleting the addition of Rs. 14,76,067 being unexplained investment in getting the drafts purchased through Shri Bhagwan Das, munim of the firm, ignoring the facts that the drafts to the tune of Rs. 3.2 lakhs were found credited in the books of account of one, Krishna....
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....s also purchased 14 drafts which stand credited in the books of the assessee. So far as the 14 drafts are concerned, there is no controversy, because they are duly credited in the books of the assessee. So far as the 28 drafts are concerned, Shri Bhagwan Das was examined and then he stated that those drafts had been purchased by him. These drafts are not credited in the books of the assessee, sim....