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2003 (7) TMI 27 - HC - Income TaxTribunal has noted that the assessee had furnished detailed reconciliation before the Assessing Officer during the course of assessment proceedings, in which no specific discrepancy was pointed out by the Assessing Officer. Thus, while affirming the view taken by the Commissioner, the Tribunal has held that both the additions were made on estimate and hypothetical grounds without any concrete material or evidence and the assessee has specifically and convincingly explained and reconciled the stock. No material has been brought on record by the Revenue to controvert the said findings of the Tribunal. Having regard to these concurrent findings of fact recorded by both the appellate authorities below, the decision of the Tribunal cannot be said to be giving rise to a question of law.
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