https://www.taxtmi.com/caselaws?id=192114 The High Court dismissed the appeal, finding no substantial question of law. The court held that the assessee's conduct and rejected books of account lacked credibility, indicating an attempt to defraud the Revenue. The court emphasized that explanations for specific transactions in isolation, without addressing all discrepancies, were insufficient. Therefore, the appeal was dismissed as no substantial legal question arose from the case. en-us Mon, 28 Mar 2016 00:00:00 +0530 Sat, 13 May 2017 20:35:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192114 The High Court dismissed the appeal, finding no substantial question of law. The court held that the assessee's conduct and rejected books of account lacked credibility, indicating an attempt to defraud the Revenue. The court emphasized that explanations for specific transactions in isolation, without addressing all discrepancies, were insufficient. Therefore, the appeal was dismissed as no substantial legal question arose from the case. Case-Laws Income Tax Mon, 28 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192114