1990 (7) TMI 66

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....er the following seven questions under section 256(2) of the Income-tax Act, 1961: " 1. Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was justified in law in holding that the provisions of section 145 (1) are applicable ? 2. Whether the Income-tax Appellate Tribunal was justified in its presumption that the loose papers found in the residential pre....

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....pplicant-firm or any person on his behalf from Modi Industries and whether the finding recorded by the Income-tax Appellate Tribunal in that regard is liable to be sustained ? 6. Whether the Tribunal has any material to hold that a sum of Rs. 1 lakh was liable to be added in the income of the applicant-firm and whether such addition sustained by the Tribunal can be maintained ? 7. Whether, on th....