https://www.taxtmi.com/caselaws?id=235845 The High Court dismissed the Tax Appeal challenging the Income-Tax Appellate Tribunal's judgment under Section 260(A) of the Income-Tax Act, 1961. The Court upheld the Tribunal's decisions on the deletion of additions and disallowances, finding no valid reasons to doubt the genuineness of transactions. Previous case law on valuation methods for rough diamonds was referenced, emphasizing market value and expert opinions. Ultimately, the Court ruled that no substantial questions of law arose, leading to the dismissal of the Tax Appeal. en-us Thu, 28 Mar 2013 00:00:00 +0530 Tue, 06 Aug 2013 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235845 The High Court dismissed the Tax Appeal challenging the Income-Tax Appellate Tribunal's judgment under Section 260(A) of the Income-Tax Act, 1961. The Court upheld the Tribunal's decisions on the deletion of additions and disallowances, finding no valid reasons to doubt the genuineness of transactions. Previous case law on valuation methods for rough diamonds was referenced, emphasizing market value and expert opinions. Ultimately, the Court ruled that no substantial questions of law arose, leading to the dismissal of the Tax Appeal. Case-Laws Income Tax Thu, 28 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235845