1990 (8) TMI 35

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..... ions which arise are whether this income had accrued and, secondly, whether this income belonged to Smt. Gitesh Bansal or the petitioner. The Tribunal has found as a fact that the aforesaid amount of Rs. 3,41,655 is an income which had arisen by reason of a forward transaction in goods which had taken place with a Meerut party known as Daulat Ram Nathu Mal. This profit of Rs. 3,41,655 was credit .....

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..... In view of the aforesaid fact, the Tribunal has concluded that the said income of Rs. 3,41,655 had in fact arisen. This conclusion arrived at by the Tribunal is one of fact and is based on evidence and, in our opinion, no question of law arises. Secondly, the Tribunal has held after taking all the facts into consideration that the income in fact belonged to the petitioner and not to Smt. Gitesh .....

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