https://www.taxtmi.com/caselaws?id=340482 The Tribunal dismissed the appeal challenging an order under Section 260A of the Income Tax Act, 1961 for Assessment Year 2006-07. The Tribunal upheld findings that excess stock did not belong to the respondent, and supported the lower valuation of furniture based on industry practices. The appeal was rejected as the Tribunal found the concurrent factual findings reasonable and not perverse, deeming the questions of law proposed unsubstantial. The decision on stock and furniture valuation was upheld, and the appeal was dismissed without costs. en-us Tue, 14 Mar 2017 00:00:00 +0530 Tue, 21 Mar 2017 22:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340482 The Tribunal dismissed the appeal challenging an order under Section 260A of the Income Tax Act, 1961 for Assessment Year 2006-07. The Tribunal upheld findings that excess stock did not belong to the respondent, and supported the lower valuation of furniture based on industry practices. The appeal was rejected as the Tribunal found the concurrent factual findings reasonable and not perverse, deeming the questions of law proposed unsubstantial. The decision on stock and furniture valuation was upheld, and the appeal was dismissed without costs. Case-Laws Income Tax Tue, 14 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340482