1980 (4) TMI 2 - SC - Income Tax

Cash credits - assessee's explanation that the excess expenditure was met from amounts deposited with him by some shop-keepers but not entered in his books was not accepted - as the HC should not have rendered findings of fact, we vacate the findings of fact reached by the HC, without expressing any opinion on their correctness, leaving it to the Appellate Tribunal in exercise of its duty under s. 260(1) to take up the appeal and to redetermine it conformably to this judgment