1987 (6) TMI 27

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..... he Wealth-tax Act, 1957, the Income-tax Appellate Tribunal has referred the following question of law to this court for its opinion : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in confirming the order of the Appellate Assistant Commissioner whereby he deleted the addition of. Rs. 30,000 from the net wealth of the assessee ?" Having heard learned .....

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..... est as to which declarant was a benamidar of the four partners of the assessee-firm and that indeed it was difficult to imagine that each of the four partners had 1/4th share in the cash said to have been held by each benamidar, These findings apparently are findings of fact and in view of these findings, our answer to the question referred to above is that, on the facts and in the circumstances o .....

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