TMI Blog1990 (11) TMI 83X X X X Extracts X X X X X X X X Extracts X X X X ..... ing questions to this court : "(1) Whether the finding recorded by the Income-tax Appellate Tribunal that the assessee had not been able to produce any evidence to establish the genuineness of the cash credits aggregating to Rs. 25,000 has been recorded in disregard of the material available on record, thereby rendering such finding wholly unsustainable in law ? (2) Whether the Income-tax Appe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o produce the parties in question in order to establish the genuineness of the cash credits appearing against their names in the books of account of the assessee ? (4) Whether the Income-tax Appellate Tribunal was justified in taking into consideration the alleged incriminating statements given by certain creditors, even in a situation where the said statements were recorded behind the back of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction 68 of the Income-tax Act, 1961 ?" The questions relate to the cash credits of the sum of Rs. 25,000. The return was filed on October 5, 1962, and the assessment order was made on February 24, 1967. The assessment was, thereafter, set aside and fresh assessment order was passed on February 27, 1982. Learned counsel for the petitioner states that, after the lapse of 14 years, it was not poss ..... X X X X Extracts X X X X X X X X Extracts X X X X
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