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2004 (5) TMI 18 - HC - Income TaxQuestion of law - issue involved in this case relates to addition/deletion of certain amount under section 69 - the impugned addition was not sustained in view of the satisfactory explanation offered by the assessee in relation to the source of income. Now, once the explanation offered by the assessee is accepted by the taxing authorities and the same having been upheld up to the Tribunal in second appeal, then, in our opinion, no question of law as such arises in this case which can be said to be a referable question for answer u/s 256(1) - Since, in our opinion, the issue being mostly of facts and no issue of law is involved, there is no case made out for allowing this application and calling for any reference - application is dismissed.
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