Appeal to High Court lies only when a substantial question of law is involved: Madhya Pradesh HC

PCIT Vs Mukul Kakar (Madhya Pradesh High Court) Madhya Pradesh High Court held that an appeal to the High Court from a decision of the Tribunal lies only when a substantial question of law is involved. Appeal dismissed in absence of substantial question of law. Facts- During the course of proceedings the Assessing Officer (AO) noticed that the assessee is rising loans from several parties. In order to examine those loans, the AO issued notices under Section 133(6) of the Act to the creditors, but did not get reply from 15 creditors. Before the AO, the assessee submitted that the creditors are ...