Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2018 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (11) TMI 1687 - HC - Income TaxUnexplained cash credit - Assessing Authority creating tax liability was failure on the part of the assessee to produce evidence with regard to some of the investors which was by way of a Bank statement - HELD THAT:- No question of law as such arises for consideration in the tax appeal, especially when there are concurrent finding of facts by the Income-tax Commissioner (Appeal) as well as the Income-tax Appellate Tribunal. Those statements were produced before the Appellate Authority authenticity of which was not in question or doubt, therefore, the Appellate Authority accepted the position and set aside the order of the Assessing Authority. Such finding of fact was affirmed given by the Appellate Tribunal. Therefore, there is no legal infirmity in the two orders which needs interference in the tax appeal. Appeal dismissed.
|