1999 (4) TMI 9

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..... amount of Rs. 73,500. On an examination of the evidence adduced by the assessee, the Income-tax Officer, Faridabad, disallowed the credits and made an addition of Rs. 73,500 to the income returned by the assessee. The appeal filed by the assessee was dismissed by the appellate authority. The assessee approached the Tribunal. Vide its order dated February 11, 1997, the Tribunal found that on the ba .....

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..... s referable question of law arises out of the Tribunal's order...". Hence, this petition under section 256(2). We have heard Mr. Sawhney, learned counsel for the petitioner. He contends that the burden of proving the capacity to advance loan was on the assessee and if the Tribunal reverses the decision of the assessing authority without meeting the reasons given by the authorities, its decision .....

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