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2017 (7) TMI 823 - HC - Income TaxEstimation of profit - Held that:- There is no legal position which is debatable. Equally, no settled position of law has been misapplied by the authorities in answering the material questions either. Therefore, we have no hesitation whatsoever in coming to the conclusion that no substantial question of law arises in the instant appeal. As stated supra, we have tested the questions proposed by Revenue in the backdrop of the factual matrix of the instant case. As a matter of abundant caution, we also applied our minds independently and examined / searched if any other substantial question of law arises, but in vain. Owing to all that have been stated supra, there is no merit whatsoever in the appeal filed by the Revenue as the addition of income on estimate basis for certain projects has admittedly / concededly (as admitted / conceded by the Revenue before ITAT) been done without scrutiny and without rejecting the Books of Accounts. Equally, no substantial question of law arises.
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