https://www.taxtmi.com/caselaws?id=253761 The Bombay High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order on two appeals related to the assessment year 2006-2007. The Tribunal's decision to grant relief to the Assessee was upheld, emphasizing factual findings and the absence of substantial legal errors. The Court found no merit in the challenge regarding the additional income determination and the alleged perversity in granting benefits without proper consideration of facts. The Tribunal's detailed examination of the case, including off-market transactions and manipulation of script prices, supported its decision to prevent double taxation and provide relief to the Assessee. en-us Wed, 12 Nov 2014 00:00:00 +0530 Fri, 14 Aug 2015 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253761 The Bombay High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order on two appeals related to the assessment year 2006-2007. The Tribunal's decision to grant relief to the Assessee was upheld, emphasizing factual findings and the absence of substantial legal errors. The Court found no merit in the challenge regarding the additional income determination and the alleged perversity in granting benefits without proper consideration of facts. The Tribunal's detailed examination of the case, including off-market transactions and manipulation of script prices, supported its decision to prevent double taxation and provide relief to the Assessee. Case-Laws Income Tax Wed, 12 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253761