https://www.taxtmi.com/caselaws?id=212390 The High Court dismissed the Revenue's appeal under Section 260A of the Income-tax Act against the Tribunal's order, which allowed the cross objection of the assessee and dismissed the Revenue's appeal on the valuation of stock for calculating business turnover. The Court found no substantial question of law, emphasizing the binding nature of factual findings and the discretionary powers of the Tribunal in determining stock valuation. The Court ruled in favor of the assessee, stating that the Tribunal's decision did not warrant legal intervention, ultimately dismissing the Revenue's appeal without costs. en-us Mon, 10 Oct 2011 00:00:00 +0530 Sun, 15 Apr 2012 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212390 The High Court dismissed the Revenue's appeal under Section 260A of the Income-tax Act against the Tribunal's order, which allowed the cross objection of the assessee and dismissed the Revenue's appeal on the valuation of stock for calculating business turnover. The Court found no substantial question of law, emphasizing the binding nature of factual findings and the discretionary powers of the Tribunal in determining stock valuation. The Court ruled in favor of the assessee, stating that the Tribunal's decision did not warrant legal intervention, ultimately dismissing the Revenue's appeal without costs. Case-Laws Income Tax Mon, 10 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212390