TMI Blog2002 (1) TMI 19X X X X Extracts X X X X X X X X Extracts X X X X ..... thereon? - (ii) Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in deleting the interest of Rs.5,851 disallowed by the Income-tax Officer as interest paid to partners?" - the answer to the questions is in the affirmative, i.e., in favour of the assessee and against the Revenue. - - - - - Dated:- 8-1-2002 - Judge(s) : Y. R. MEENA., A. C. GOYAL. JUDGM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Assistant Sales Tax Officer. His identity is not in disputeThe cash credit was disbelieved on the ground that Phool Chand could not establish the sale of ornaments to advance an amount of Rs.10,000 to the assessee. Whether Rs.10,000 was advanced by Phool Chand to the assessee or not, is basically a question of fact and the Tribunal is the final fact finding body. The fact that Rs.10,000 have be ..... X X X X Extracts X X X X X X X X Extracts X X X X
|