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1993 (12) TMI 30 - HC - Income Tax

The High Court of Allahabad dismissed two cross-applications under section 256(2) of the Income-tax Act, 1961, pertaining to the assessment year 1984-85. The applications involved unexplained cash credits totaling Rs. 1,60,000, with some deposits being accepted and others confirmed by the Tribunal based on findings of fact. The court concluded that the Tribunal's decision was based on evidence and factual analysis, leading to the rejection of both applications. No costs were awarded.

 

 

 

 

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