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2012 (8) TMI 610 - RAJASTHAN HIGH COURTDisallowance of loss - Tribunal allowed the appeal and granted the benefit to the assessee – Held that:- Once the Tribunal accepted the explanation of assessee and accordingly, deleted the additions in question made by the Assessing Officer and the Commissioner of Income-tax (Appeals), then it would not involve any substantial issue of law as such - court in its appellate jurisdiction under section 260A ibid, would not again de novo hold yet another factual inquiry with a view to find out as to whether the explanation offered by assessee and which found acceptance to the Tribunal is good or bad, or whether it was rightly accepted, or not – appeal dismissed
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