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2002 (1) TMI 19 - HC - Income TaxCash Credits, Business Expenditure, Firm, Disallowance - "(i) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in deleting the cash credit of Rs.10,000 in the name of Shri Phool Chand Jain and interest of Rs.900 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.
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