1999 (10) TMI 38

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... -This appeal under section 260A of the Income tax Act, 1961, arises out of the order of the Income-tax Appellate Tribunal confirming the assessment made under section 158BG of the Income tax Act which is part of Chapter XIVB. An amount of Rs. 27,82,682 was taken as undisclosed income representing the unexplained cash credits and the interest thereon. The cash credits recorded in the books of accou .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ons 158BB and 158BA is within the jurisdiction of the assessing authority ? 2. Whether there was denial of reasonable opportunity to the appellant for the reason that after the creditors were examined by the Assessing Officer in the presence of the managing partner of the appellant, no opportunity was given to the appellant to explain the statements or to cross-examine them ?" A contention has .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X