1995 (8) TMI 48

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....is is an application under section 256(2) of the Income-tax Act, 1961. By an order dated February 22, 1994, this court directed learned counsel for the Revenue to produce the entire record in original before this court for which time was granted. Again the same order was repeated on March 24, 1994. However, no record was produced but having heard learned counsel appearing for the parties at len....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... was on inimical terms with him but on the same he could not substantiate the plea advanced by him and, ultimately the Appellate Assistant Commissioner reached the conclusion that the receipt issued by an employee in the normal course of business, was correct as the assessee himself accepted the receipt issued in the name of Sriniwas Hiralal and Sons. He also admitted that the purchases had be....