2002 (8) TMI 51

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..... rt in T.C.P. No. 122 of 1991, dated September 7,1992, the Income-tax Appellate Tribunal has stated a case and referred the following question of law in relation to the assessment year 1982-83 of the assessee: "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that the provisions of section 68 are not attracted in respect of the alleged .....

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..... e Rules to the State Government and had deposited another sum of Rs. 30,000 as a wholesale security deposit with the State Government. The question arose whether the sum of Rs. 60,000 credited to the account of Thiagarajan and treated as his capital contribution should be treated as undisclosed income of the firm. The Tribunal found that even before the commencement of the business of the firm on .....

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..... arajan, which was believed and accepted by the Tribunal, we are, therefore, of the view that the finding recorded by the Tribunal on the basis of the material is a pure finding of fact and does not call for any interference by this court. We do not find any question of law that arises out of the order of the Tribunal. Accordingly, we answer the question of law referred to us in favour A of the ass .....

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