1999 (8) TMI 54 - HC - Income Tax

Summary

The Revenue sought a mandamus to refer a question to the court regarding the deletion of an addition of Rs. 11,74,000 based on affidavits. The Tribunal found that the amounts withdrawn by directors were redeposited, and the Revenue failed to prove otherwise. The court dismissed the petition as the Tribunal's findings were based on facts and not challenged as perverse.