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2001 (3) TMI 7 - DELHI HIGH COURT"1. Whether, Tribunal was correct in law in holding that the Assessing Officer was not having any valid reasons, for initiating the proceedings under section 148? 2. Whether, Tribunal was correct in law in holding that no 'colourable device' was adopted by the assessee with regard to the sale of units of the HUF of which the assessee was a coparcener? 3. Whether, Tribunal was correct in law in setting aside the order of the Revenue authorities and directing the Assessing Officer to delete all the additions in the hands of the individual assessee?" - Tribunal's conclusions cannot be termed as perverse. Even if the Revenue's stand that a different view was available to be drawn, is accepted that would not be a ground for holding that a question of law arises which needs adjudication.
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