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TMI Blog1990 (7) TMI 66X X X X Extracts X X X X X X X X Extracts X X X X ..... ection 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 law in holding that the provisions of section 145 (1) are applicable ? 2. Whether the Income-tax Appellate Tribunal was justified in its presumption that the loose papers found in the residential premises of partner, belonged to the appl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... behalf from Modi Industries and whether the finding recorded by the Income-tax Appellate Tribunal in that regard is liable to be sustained ? 6. Whether the Tribunal has any material to hold that a sum of Rs. 1 lakh was liable to be added in the income of the applicant-firm and whether such addition sustained by the Tribunal can be maintained ? 7. Whether, on the facts and in the circumstances ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate being made. The assessing authority estimated the income at Rs. 8 lakhs. The appellate authority reduced it to Rs. one lakh which was confirmed by the Tribunal. It is not suggested that there was no material to support the said estimate. It is thus not a question of law. Question No. 7 is really another facet of question No. 6 and cannot be referred. For the reasons given above, the applic ..... X X X X Extracts X X X X X X X X Extracts X X X X
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