PRINCIPAL COMMISSIONER OF INCOME TAX vs. M/S SILVER AND ARTS PALACE
ITA/99/2019HC Rajasthan08 Apr 2022
Bench: MANINDRA MOHAN SHRIVASTAVA,SAMEER JAIN
374 whereby in para 11 the Hon’ble Supreme Court has held as
under:
“11. ** The High Court upon analysing the materials
brought on record by the parties had arrived at a
finding of fact that in view of the conduct of the
parties it would not be prudent to hold that the
respondent borrowed a huge sum despite
