1999 (8) TMI 1033

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....ue, 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 confirming the orders of the Commissioner (Appe....