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2004 (7) TMI 16 - HC - Income TaxDuty of tribunal - appreciation of evidence - question raised by appellant is that the Tribunal’s finding is perverse inasmuch as the Tribunal has confirmed the finding recorded by the CIT (Appeals) without any material on record - No doubt, the Commissioner of Income-tax (Appeals) has reduced the addition to some extent, however, on what material he has reduced the addition is not indicated and on what material the amount is confirmed is also not clear. The Tribunal has confirmed the addition, which has been made by the Commissioner of Income-tax (Appeals). As the Tribunal, being the final authority to record the finding of facts on appreciation of evidence, has failed to discharge its duties, we are interfering as the conclusion is perverse. – Held that the findings recorded by the Income-tax Appellate Tribunal are perverse and are quashed and set aside.
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