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1961 (1) TMI 2 - SC - Income TaxWhether detailed arguments were advanced before the Tribunal on diverse items having bearing on the quantum of assessable income, but the Tribunal only dealt with one item, viz., the unexplained cash credits of ₹ 36,776 in the account of firm No. II, and did not consider the remaining items? Held that:- In paragraph 7 of the Appellate Tribunal's order under section 66(1), they also made the observations already set out. In this state of the record, we do not think that there is any substance in the plea that the Tribunal had not considered the question whether the amount of ₹ 2,39,796 was properly added to the income of the appellants as undisclosed profits. Thus the High Court was right in holding that no question of law arose out of the order of the Tribunal. We are also of the view that no case is made out justifying interference in the appeals filed directly against the orders of the Tribunal. Appeals dismissed.
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