1983 (1) TMI 41

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..... r referred to as "the Act"), the applicant has prayed that the Income-tax Appellate Tribunal be directed to state a case and refer questions of law arising out of the order of the Tribunal dated April 16, 1980, passed in I.T.A. No. 584/Ind./79. The facts giving rise to this application briefly stated are as follows While framing the assessment of the assessee for the assessment year 1975-76, the .....

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..... credit was added as the assessee's income from undisclosed sources. The appeal preferred by the assessee before the Commissioner (Appeals) was unsuccessful in regard to the aforesaid cash credits. On further appeal, the Tribunal directed the ITO to consider afresh the question of genuineness of the cash credits standing in the names of Bherulal Kanhaiyalal and Kanhaiyalal Hiranand. In regard to t .....

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..... he Tribunal recorded a finding of fact that it was not proved to be genuine. This is a finding of fact and no question of law arises out of the order of the Tribunal. We, therefore, see no reason to allow this application. As a result of the discussion aforesaid the application is dismissed. In the circumstances, the parties shall bear their own costs of this application. - - TaxTMI - .....

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