https://www.taxtmi.com/caselaws?id=8928 The court rejected the department's application under section 256(2) of the Income-tax Act, 1961, as no question of law arose from the Tribunal's order. The case involved discrepancies in a partnership firm's grain trading accounts, leading to an addition of Rs. 45,000 as concealed income. The Tribunal's decision, based on a Government notification on permissible losses and proportionate adjustments, was deemed reasonable and supported by evidence. The judgment underscored the significance of factual findings by the Tribunal and limited High Court interference unless the decision is unsupported by evidence or unreasonable. en-us Mon, 13 Nov 1972 00:00:00 +0530 Wed, 17 Jun 2009 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8928 The court rejected the department's application under section 256(2) of the Income-tax Act, 1961, as no question of law arose from the Tribunal's order. The case involved discrepancies in a partnership firm's grain trading accounts, leading to an addition of Rs. 45,000 as concealed income. The Tribunal's decision, based on a Government notification on permissible losses and proportionate adjustments, was deemed reasonable and supported by evidence. The judgment underscored the significance of factual findings by the Tribunal and limited High Court interference unless the decision is unsupported by evidence or unreasonable. Case-Laws Income Tax Mon, 13 Nov 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8928