High Court Of Delhi
CIT vs. Oswal Enterprises (P) Ltd.
Y.K. Sabharwal & Lokeshwar Prasad, JJ.
IT Case No. 54 of 1996
4th December, 1996
R.D. Jolly with R.K. Chaufla, for the Revenue
BY THE COURT :
On consideration of material on record, the Tribunal has recorded a finding of fact that Oswal Tailors is an independent entity and is not the benami of the assessee-company and the business activity is being carried on by Oswal Tailors in its own name and that no evidence has been brought on record to show that the income from the export business carried on by Oswal Tailors is the income of the assessee-company. The finding of the Tribunal has not been challenged as perverse.
No question of law arises.
[Citation : 234 ITR 483]