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2018 (2) TMI 1460 - HC - Income TaxSuppression of sales - differential price between the price of two flats sold to the sister concern and the price offered by third parties - Appellate Commissioner and Tribunal concurred in their factual finding that there had been no suppression of sales as the two flats were sold at a discount price, for business exigencies and in particular, to compensate SAPL, who had advanced interest free loan to the assessee - Held that:- It is clear from the language of Section 260A of the IT Act an appeal under the aforesaid section shall lie to the High Court from every order passed in appeal by the Appellate Tribunal only if the High Court is satisfied that the case involves a substantial question of law. In this case, the Appellate Commissioner and the learned Tribunal have arrived at the concurrent factual finding that there was no suppression of sales. There is no question of law, not to speak of substantial question of law. As held by the Supreme Court in Vijay Kumar Talwar v. Commissioner of Income Tax, Delhi [2010 (12) TMI 2 - Supreme Court of India] the general rule is that the High Court does not interfere with concurrent findings of Courts below. - Decided in favour of assessee.
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