1995 (8) TMI 48

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..... (2) of the Income-tax Act, 1961. By an order dated February 22, 1994, this court directed learned counsel for the Revenue to produce the entire record in original before this court for which time was granted. Again the same order was repeated on March 24, 1994. However, no record was produced but having heard learned counsel appearing for the parties at length and perusing the orders passed by th .....

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..... same he could not substantiate the plea advanced by him and, ultimately the Appellate Assistant Commissioner reached the conclusion that the receipt issued by an employee in the normal course of business, was correct as the assessee himself accepted the receipt issued in the name of Sriniwas Hiralal and Sons. He also admitted that the purchases had been made in the names of other persons as well. .....

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