1992 (1) TMI 56

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..... this court by way of a petition which was disposed of by our order dated December 17, 1991. Tile objection raised before the court on that occasion was that no amount was payable by the petitioner to Surendra Chand Bansal and that no loan was ever taken by him from the latter. In support, the petitioner relied on his affidavit already filed before the Deputy Commissioner of Income-tax. As the cour .....

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..... section 264 of the Income-tax Act. Indeed, having regard to the nature of the issues involved in the case and the factual controversy arising for consideration, we think that the remedy by way of revision would be more appropriate. The Commissioner can consider all the points sought to be raised here. Learned counsel for the petitioner next submits that as the petitioner is also challenging the .....

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