https://www.taxtmi.com/caselaws?id=3593 SC held HC exceeded its reference jurisdiction by declaring the Tribunal's factual findings perverse where no such question was framed or referred; perversity of facts not raised before HC. Tribunal is final on facts and HC may inquire into perversity only if specifically referred. Consequently HC orders set aside, the decisions of CIT(A) and the Tribunal restored, penalty under s.271(1)(c) held not exigible, and the appeals allowed with costs. en-us Fri, 11 Apr 2008 00:00:00 +0530 Tue, 09 Sep 2025 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3593 SC held HC exceeded its reference jurisdiction by declaring the Tribunal's factual findings perverse where no such question was framed or referred; perversity of facts not raised before HC. Tribunal is final on facts and HC may inquire into perversity only if specifically referred. Consequently HC orders set aside, the decisions of CIT(A) and the Tribunal restored, penalty under s.271(1)(c) held not exigible, and the appeals allowed with costs. Case-Laws Income Tax Fri, 11 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3593