1991 (8) TMI 27

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....tion 256(2) of the Income-tax Act, 1961, the applicant has sought for the following questions of law for reference : " 1. Whether there was any material with the Tribunal to hold in law that besides the loans admittedly received by the assessee from the L.I.C. of Rs. 10,790 and of Rs. 35,000 from Nagar Mahapalika and income from salary and private practice of the past so many years, the assesse....

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....alone could be considered as available towards alleged unexplained investment of Rs. 41,288 in the construction of the house out of the past savings of Rs. 1,21,836 as per the chart at page 3 of the paper book and Rs. 32,500 considered as income from private practice ? " From a perusal of the impugned Tribunal's order, we find that the Tribunal has recorded the following findings : " The iss....