1987 (6) TMI 27

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.... J.-On a direction issued by this court on August 12, 1981, under section 27(3) of the Wealth-tax Act, 1957, the Income-tax Appellate Tribunal has referred the following question of law to this court for its opinion : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in confirming the order of the Appellate Assistant Commissioner whereby he deleted the a....

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....i arrangement. The Tribunal has further held that no attempt had been made even to suggest as to which declarant was a benamidar of the four partners of the assessee-firm and that indeed it was difficult to imagine that each of the four partners had 1/4th share in the cash said to have been held by each benamidar, These findings apparently are findings of fact and in view of these findings, our an....