Concurrent factual findings on stock verification left no substantial question of law, so the tax appeal was dismissed.

Concurrent factual findings on disputed stock taking, alleged suppressed purchases and sales, and related additions left no substantial question of law for interference in the tax appeal. The assessment and first appellate orders had already examined the stock verification, and the Tribunal noted that the verification was carried out meticulously twice in the presence of the assessee's technical representatives. As the record supported the first appellate authority's conclusions and no infirmity was shown in the concurrent findings, the High Court declined to entertain the appeal on merits and dismissed it.

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Issues: Whether the tax appeal against the assessment order disclosed any substantial question of law warranting interference with the concurrent findings recorded by the appellate authorities.

Analysis: The assessment and first appellate orders had both examined the disputed stock taking, alleged suppressed purchases and sales, and the related additions. The Tribunal found that the stock verification had been carried out meticulously, twice, in the presence of the assessee's technical representatives, and that the record supported the first appellate authority's conclusions. In the absence of any infirmity in those concurrent factual findings, no substantial question of law arose for consideration in the tax appeal.

Conclusion: The appeal was not entertained on merits and was dismissed.

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