https://www.taxtmi.com/caselaws?id=205513 The High Court allowed the appeal, setting aside the Tribunal's order and restoring the order of the CIT (A). The Court found that the Tribunal's decision was based on a wrong assumption of fact regarding decreased sales for the relevant assessment year, which was not supported by the sales figures from the assessment years. The High Court concluded that the Tribunal's order was vitiated by a substantial error of law, leading to the appeal being allowed in favor of the assessee, a lock manufacturer. en-us Thu, 10 Mar 2011 00:00:00 +0530 Mon, 12 Sep 2011 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205513 The High Court allowed the appeal, setting aside the Tribunal's order and restoring the order of the CIT (A). The Court found that the Tribunal's decision was based on a wrong assumption of fact regarding decreased sales for the relevant assessment year, which was not supported by the sales figures from the assessment years. The High Court concluded that the Tribunal's order was vitiated by a substantial error of law, leading to the appeal being allowed in favor of the assessee, a lock manufacturer. Case-Laws Income Tax Thu, 10 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205513