2002 (1) TMI 3 - SC - Income Tax

Supreme Court Allows Civil Appeals, Rejects Referral Request

The Supreme Court allowed the civil appeals, setting aside the High Court of Karnataka's order. The Tribunal's denial of the Revenue's request to refer a ... Whether, on the facts and in the circumstances of the case, the Income tax Appellate Tribunal is right in law in deleting the additions made on account of bogus purchases of ground nut cakes as well as additions made on account of unaccounted income of sale of groundnut oil for the assessment years 1990-91 and 1991-92 - not involved any question of law - High Court has not recorded what definite point of law it found was involved - civil appeals filed by assessee are allowed The Supreme Court allowed the civil appeals and set aside the order of the High Court of Karnataka. The Revenue's request to refer a question under the Income-tax Act was declined by the Tribunal, which the High Court found to be incorrect. The Court concluded that the question did not involve any legal issue. The Attorney-General did not support the High Court's order.