https://www.taxtmi.com/caselaws?id=10226 The High Court upheld the Tribunal's decision to dismiss the Revenue's application under section 256(1) of the Income-tax Act, 1961, as the questions raised were factual in nature and did not involve legal issues. The Court emphasized the Tribunal's jurisdiction to accept the explanations provided by the assessee and affirmed that no referable question of law existed for the Court's consideration. The judgment underscores the importance of factual assessments by taxing authorities and the limited scope of judicial review in tax matters. en-us Wed, 06 Oct 2004 00:00:00 +0530 Sat, 11 Jul 2009 09:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10226 The High Court upheld the Tribunal's decision to dismiss the Revenue's application under section 256(1) of the Income-tax Act, 1961, as the questions raised were factual in nature and did not involve legal issues. The Court emphasized the Tribunal's jurisdiction to accept the explanations provided by the assessee and affirmed that no referable question of law existed for the Court's consideration. The judgment underscores the importance of factual assessments by taxing authorities and the limited scope of judicial review in tax matters. Case-Laws Income Tax Wed, 06 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10226