2011 (11) TMI 772 - HC - Income Tax

Summary

The High Court of Delhi dismissed the appeal under Section 260A of the Income Tax Act, 1961 as the issue raised was factual. The dispute was regarding the valuation of zip fasteners, with the Assessing Officer valuing them at Rs. 59.48 per meter and the CIT(A) at Rs. 37.96 per meter, a decision upheld by ITAT. The court found the reasoning of the appellate authorities reasonable and not requiring interference.