2003 (9) TMI 62 - HC - Income Tax

"Whether, on the facts and circumstances of the case, the learned Tribunal was justified in demanding the proof regarding the creditworthiness of the sub-creditor and in drawing an adverse inference against the appellant on his alleged failure to satisfy the respondents regarding the creditworthiness of the sub-creditors?" - This appeal succeeds and the impugned orders are set aside and quashed.