Appeal

Findings of facts which do not give rise to a substantial question of law are not liable to be interfered with in an appeal under s 260A, as held by PHHC in CIT, Ludhiana v Ashok Kumar Dhir — In favour of: The assessee; ITA No 598 of 2010 (O&M).

Undisclosed income — Unexplained investment — Where the Commissioner has recorded findings of facts that the five persons in whose name the investment was alleged to be made were genuine partners, an addition made on account of an unexplained investment is unsustainable.

Decided on: 8 December 2011.