1990 (1) TMI 13

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..... llowing two questions of law before this court under section. 256(2) of the Income-tax Act, 1961 : "(1) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was justified in holding that the assessee discharged its onus to prove the genuineness of cash credits of Rs. 2,60,000 appearing in his books of account in the name of Sugar Suppliers (P.) Ltd. ? (2) .....

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..... e on which the conclusion could be arrived at, no question of law arises in connection with cash credits. This court in the case of CIT v. Lohaty Brothers (P.) Ltd. [1987] 164 ITR 730 held that where the Tribunal, on a review of the evidence that was on record, came to the conclusion that the cash credits had been proved and deleted the additions and no question of perversity had been raised by th .....

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