Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1971 (9) TMI 14 - SC - Income Tax
Tribunal hold that cash credits made in the first year of the assessee s business do not represent its income and the assessee could not make profits soon after it commenced business - order of tribunal is justified - High Court after careful examination of the various findings reached by the Tribunal has come to the conclusion that the Tribunal s findings are findings of fact
The Supreme Court held that the Tribunal's findings on cash credit entries totaling Rs. 2,50,000 were final as a question of fact. The High Court affirmed the Tribunal's decision, leading to the dismissal of the appeal. No costs were awarded.
9911796707
