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2007 (7) TMI 650 - HC - Income TaxWhether, on the facts and in the circumstances of the case, the Income-tax Tribunal is right in law in holding that the addition of ₹ 10 lakhs being the unexplained credit is not leviable? Held that:- The Tribunal had given a factual finding that the assessee had sufficient sources in Sri Lanka to cover the remittances to India. The finding that the assessee has enough source, is a question of fact. The order of the Tribunal is not perverse and the concurrent finding given by both the authorities below is based on valid materials and evidence. In the case of CIT v. P. Mohanakala [2007 (5) TMI 192 - SUPREME Court] the Supreme Court held that whenever there is a concurrent finding by the authorities below, no interference should be called for by the High Court. Under these circumstances, find no error or legal infirmity in the order of the Tribunal so as, to warrant interference. In view of the foregoing reasons, no substantial question of law arises for consideration of this court and accordingly, the tax case is dismissed. Appeal dismissed.
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