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2019 (7) TMI 1054 - GUJARAT HIGH COURTAddition on account of loss shown in the Gross Profit - Tribunal upholding the order of CIT(A) in deleting the addition - HELD THAT:- It appears from the materials on record that the Appellate Tribunal concurred with the findings recorded by the CIT(A) and took the view that there was evidence to substantiate the claim of the assessee that he had to sell his goods at the agreed price which was lesser than the cost of purchase. There is a finding of fact arrived at by the two Revenue authorities that the assessee was able to furnish copies of the sales bill and nothing was found suspicious about the transaction. There is a concurrent finding recorded by the two Revenue authorities that there is nothing to indicate that the assessee had sold the goods at a higher value, but had deliberately declared the same at a lesser value in the books. In view of the concurrent findings arrived at by the two revenue authorities, we are not inclined to disturb the same. There is no perversity in the factual findings recorded by the Revenue authorities. Appeal dismissed.
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