1994 (1) TMI 40

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....rred the following three questions : "(1) Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the addition of Rs. 34,300 representing the payments made by the assessee to Antony and others in connection with the printing of counterfeit hundred rupee notes was based on 'statements of mere witnesses' only and the same would not be a positiv....

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....ng Assistant Commissioner under section 271(1)(c) of the Act as not warranted ?" In respect of the first question, the Appellate Tribunal noted that the addition was made only on the basis of the statements of witnesses in a criminal case and even those statements were not given to the assessee for cross-examination, and those statements were not the basis of the conviction either. The Appellat....