https://www.taxtmi.com/caselaws?id=77424 The High Court dismissed the appeal challenging the ITAT's decision to delete the disallowance of inflation in the purchase price of raw material. The Court found ITAT's analysis of the evidence to be reasonable and not against the record, stating that the issue was a question of fact without raising any substantial legal questions. The judgment emphasized the necessity of evaluating all pertinent facts and circumstances in making determinations, ultimately affirming the deletion of the disallowance. en-us Mon, 26 Jul 2010 00:00:00 +0530 Tue, 06 Sep 2011 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77424 The High Court dismissed the appeal challenging the ITAT's decision to delete the disallowance of inflation in the purchase price of raw material. The Court found ITAT's analysis of the evidence to be reasonable and not against the record, stating that the issue was a question of fact without raising any substantial legal questions. The judgment emphasized the necessity of evaluating all pertinent facts and circumstances in making determinations, ultimately affirming the deletion of the disallowance. Case-Laws Income Tax Mon, 26 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77424