2002 (1) TMI 1307

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..... nce of the assessee Shri Parswanath Granite Industries (P.) Ltd. The assessee is a private limited company, engaged in the business of manufacturing granite slabs out of granite stone blocks and purchase and sale thereof. The Assessing Officer while completing the assessment proceedings for the assessment year 1988-89, disallowed cash credit of ₹ 43,000 in the name of Miss Pramila and ₹ .....

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..... , the genuineness of the credit standing in the name of Suresh Kumar Golecha could not be examined and the assessee failed to discharge the onus cast upon him. In view of this, the Assessing Officer added both the cash credits as not proved. The finding has been confirmed by the Commissioner (Appeals) as well as by the Tribunal. 2. It is contended by Mr. Rajendra Mehta, the learned counsel for .....

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