- 1 - IN THE HIGH COURT OF JUDICATURE AT BOMBAY O.O.C.J. INCOME TAX APPEAL NO.281 OF 2008 ----------------------------------------------------- Office Notes, Office Memoranda of Coram, Court’s or Judge’s appearances, Court’s orders order or directions ----------------------------------------------------- ¦ Mr.SureshKumar with ¦ Mr.B.M.Chatterjee for the ¦ Appellant. ¦ Ms.Bina Pillai i/b Niraj Pumania ¦ for the Respondent. ¦ ¦ CORAM: D.K.DESHMUKH & ¦ J.P.DEVADHAR, JJ. ¦ DATED: 7TH AUGUST, 2008 P.C.: Heard the learned Counsel for the Appellant. Perused the record. The tribunal has given cogent reasons, specially, paragraph 5 of the order. The tribunal has recorded a finding of fact that the assessee has disclosed the loans diverted to family members in its regular books of account and the same appeared in the balance sheet enclosed along with the returns filed year after - 2 - year. In view of this clear finding of fact and the reasons given by the tribunal referred to above, in our opinion, no question of law arises. Hence, appeal is rejected. (D.K.DESHMUKH, J.) (J.P.DEVADHAR,J.)