1999 (12) TMI 41

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..... isposal. The assessment years involved are 1983-84 and 1984-85. The Tribunal held that the onus relating to some entries has been properly discharged and credit worthiness has been established. The revenue 's stand is that the onus has been wrongly placed and the true essence of the transaction has not been analysed by the Tribunal. Learned counsel for the assessee submitted that the Tribunal t .....

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..... onus and acceptability of the materials produced has not been properly analysed by the Tribunal, we find substance in the stand of learned counsel that instead of answering the reference, we may direct the Tribunal to rehear the appeals. The suggestion appears to be fair because the Tribunal as the last fact-finding authority can analyse the factual position, refer to the materials and documents, .....

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