1985 (8) TMI 23 - HC - Income Tax

Summary

The High Court of Rajasthan dismissed the application under section 256(2) of the Income-tax Act, 1961, as no question of law arose from the Tribunal's order. The Tribunal's finding regarding the loan of Rs. 20,000 was considered based on the evidence on record, and it was not found to be absurd or unreasonable. The Tribunal's decision was upheld as a finding of fact.