1983 (1) TMI 41

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....YVARGIYA J.-By this application under s. 256(2) of the I.T. Act, 1961 (hereinafter referred to as "the Act"), the applicant has prayed that the Income-tax Appellate Tribunal be directed to state a case and refer questions of law arising out of the order of the Tribunal dated April 16, 1980, passed in I.T.A. No. 584/Ind./79. The facts giving rise to this application briefly stated are as follows....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....    (+) Interest                          680 2. Kanhaiyalal Hiranand Lala          9,200     (+) Interest              &nbs....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s) was unsuccessful in regard to the aforesaid cash credits. On further appeal, the Tribunal directed the ITO to consider afresh the question of genuineness of the cash credits standing in the names of Bherulal Kanhaiyalal and Kanhaiyalal Hiranand. In regard to the cash credit in the name of Ganpatlal Mahavir, the Tribunal confirmed the finding of the ITO that the assessee failed to show that the ....