1989 (7) TMI 55

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.... of the assessee and as directed by this court in Original Petition No. 6578 of 1982, the Income-tax Appellate Tribunal has referred the following question of law for the decision of this court : "Should not the Tribunal have held that section 68 can apply only if the cash credits are found in the, books of the applicant himself and not in the books of the firm of which he was only a partner ?"....

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....ly, the Tribunal has referred the above question of law for the decision of this court. We heard counsel. On a bare perusal of the statement of the case, it is seen that the question as to whether section 68 of the Income-tax Act can apply only if the cash credits are found in the books of the assessee himself and not in the books of the firm of which he was only a partner, was not raised befor....