9911796707
TMI Blog1993 (11) TMI 44X X X X Extracts X X X X X X X X Extracts X X X X ..... o the assessment year 1986-87. Two additions, one for Rs. 44,136 and the other for Rs. 24,500 were made amongst other items to the income returned by the assessee. The additions in question were deleted by the Income-tax Appellate Tribunal when the matter came to be heard by it in due course. By this application, a direction is sought to the Income-tax Appellate Tribunal to refer to this court two ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on had been invested by the assessee. Likewise, the addition of Rs. 24,500 was made as unexplained investment in girvi item. The assessee explained that out of the said investment, Rs. 17,000 was invested by him while Rs. 7,500 was invested by his wife. The explanation furnished by the assessee has been found acceptable by the Income-tax Appellate Tribunal. The Tribunal has found as a fact that th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hed by the fact-finding authority is perverse or arbitrary in any manner. It is not so in the instant case, nor was there any suggestion forthcoming from stand ing counsel. The questions proposed in the application also do not suggest so. For what has been stated above, the application is devoid of any merit and is, accordingly, rejected with costs which we assess at Rs. 150. - - TaxT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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