1989 (7) TMI 46

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....estions of law to this court. The same are as follows : "(1) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in deleting the cash credits of Rs. 17,640 assessed in the hands of the assessee as income from undisclosed sources without leading evidence as to their genuineness ? (2) Whether, on the facts and in the circumstances of the case, th....

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.... Tribunal has also noted that they had seen the orders and the relevant papers and had then come to this conclusion. This being so, the conclusion of the Tribunal is a pure question of fact. With regard to the second question, it appears that the assessee had taken overdraft from the bank for a sum of Rs. 5,10,717. Goods worth Rs. 33,000 were stated to have been hypothecated. The case of the peti....