1989 (5) TMI 18 - CALCUTTA HIGH COURT

Extract:
.......y these creditors. These crucial facts were not considered by, the Tribunal at all. The Tribunal did not advert to all the relevant facts in coming to the conclusion that the loans were genuine. For the reasons aforesaid, we answer the question in this reference in the affirmative and in favour of the Revenue. BHAGABATI PROSAD BANERJEE J. -I agree.