1981 (4) TMI 42

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....e material facts giving rise to this reference briefly are as follows : The assessee is a firm and the assessment year in question is 1976-77. For the assessment year 1975-76, the assessee was registered as a firm consisting of the partners, Smt. Gangabai and Rameshchandra. Subsequently Smt. Indrabai, wife of Shri Rawaldas, brother of Rameshchandra and son of Smt. Gangabai, partners of the firm, was also introduced as a partner in pursuance of a deed of partnership executed on 21st November, 1974, and registration was sought for this firm. One of the clauses of the deed of partnership required contribution of capital by all the partners and in pursuance of this clause, Smt. Indrabai as alleged to have contributed a sum of Rs. 11,000 as capi....

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....irm could not be held to be genuine. In this view of the matter, the Tribunal set aside the order passed by the AAC and restored the order passed by the ITO. Aggrieved by the order passed by the Tribunal, the assessee submitted an application for making a reference to this court and it is at the instance of the assessee that the aforesaid question of law has been referred to, this court for its opinion. Learned counsel for the assessee contended that the Tribunal had given contradictory findings and that the finding about the benami character of Indrabai given by the Tribunal was based on no evidence. It was further contended that the Tribunal had dealt with the matter very superficially and it was a fit case where the matter should be re....