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2003 (1) TMI 77 - HC - Income TaxThe only question which now survives for consideration is as to whether the Tribunal was justified in taking the view that a mere statement of counsel before the High Court in civil litigation between the parties was not conclusive and the material placed on record by the assessee had bearing on the question of investment in the property in question. - The Tribunal has rightly noted that before it the parties were ad idem that the addition in question was made only on the basis of the observations in the interim order passed by the court in a civil suit between the three parties, including the assessee. - The issue raised by the Revenue essentially pertains to a question of fact and does not involve the application of any legal principles to the facts established by evidence.
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