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1999 (9) TMI 68 - HC - Income Tax
Extract:
.......conclusion whether a cash credit in the books of account of an assessee is properly explained or not is a question of fact. Similar view was expressed in CIT v. Manick Sons 1969 74 ITR 1 (SC). Our answer to the question is, therefore, in the negative, i.e., in favour of the Revenue and against the assessee. The reference is disposed of accordingly.