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2004 (10) TMI 76 - HC - Income TaxFirm – bogus/genuine – question of law – assessee’s contention that the Revenue failed to discharge the burden of proving that the firm in question is a benami, is not acceptable - Firstly, the overwhelming material brought on record and the same having been examined threadbare by the Tribunal completely negatives this assessee’s submission. We are fully satisfied with the manner in which the Tribunal examined the issue on facts for recording the finding of fact against the assessee. We do not, therefore, wish to examine each and every circumstance on facts which was examined by the Tribunal for coming to a conclusion that the firm is a bogus firm of the assessee and his family members. It is really not necessary nor possible in view of our limited jurisdiction conferred under section 260A. We can only examine substantial questions of law and not questions of fact. - Apeal has no merit. It fails and is accordingly, dismissed.
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