TMI Blog1987 (4) TMI 21X X X X Extracts X X X X X X X X Extracts X X X X ..... e following question for the opinion of this court : " Whether there was material on record in support of the, Tribunal's finding that the Commissioner had not given his reasons for his satisfaction that the order passed by the Income-tax Officer was prejudicial to the interests of the Revenue ? " The assessee, M/s. Kashi Nath Co., is a partnership firm. The firm was doing sarafa and pawning ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed was erroneous and prejudicial to the interests of the Revenue inasmuch as the Income-tax Officer while completing the assessment for 1975-76 did not make detailed enquiries in respect of various cash credits appearing in the names of different ladies. He further did not obtain necessary details about the interest income from pawning. Para. 2 of the order refers to the notice issued by the Com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issioner did not examine the various cash credits said to be appearing in the names of different ladies which were said to have escaped the attention of, the Income-tax Officer. He only complained of the order of the Income-tax Officer for not examining the details of the credits appearing in various names. What those details required to be examined were have not been set out. There is thus absolu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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