1999 (8) TMI 1033

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....kshmy, J. At the instance of the revenue, the following questions of law have been referred to us : "1. Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the provisions of section 69D of the Income-tax Act, 1961, did not apply in respect of the borrowals of the 'hundi' loans which were not made through account payee cheques and in....