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2021 (10) TMI 286 - HC - Income TaxAssessment of income of Satellite Rights for a movie - Substantial question of law of fact - accounts filed by the vendor of the Satellite Rights, the Revenue assessed the assessee on a sum of ₹ 12,00,000/- - whether Tribunal erred assessing the appellant based on the statement of accounts of the appellant's vendor Shri.Manickkam Narayanan alone, ignoring the books of accounts of the appellant? - HELD THAT:- Admittedly, the issue pertains to the transaction between the assessee and an individual in the matter of purchase and sale of Satellite Rights for a movie. The factual position has been clearly brought out by the Assessing Officer, which was re-examined for its correctness by the CIT(A), who found the same to be a reasoned order. The Tribunal, being the last authority to examine the factual position, examined the same and found that there is no error in the decision. On going through the material papers placed before us, we find that the entire issue is factual and the two authorities and the Tribunal have concurrently held against the appellant-assessee. Thus, we find, there is no question of law, much less substantial question of law arising for consideration in this appeal.
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