https://www.taxtmi.com/caselaws?id=10868 In an appeal under section 260A of the Income-tax Act, the High Court held that concurrent factual findings on the genuineness of acquisition and lease of a skimmer machine, and the related depreciation claim, were findings of fact not giving rise to a substantial question of law, so those findings were left undisturbed. On foreign travel expenditure, however, the record lacked a clear factual finding on whether the travel of the vice-chairman's wife was for the assessee's business, and the matter was remitted for fresh factual determination. The court reiterated that interference is not warranted with possible findings based on evidence, but remand is appropriate where a material factual controversy remains unresolved. en-us Thu, 01 Apr 2004 00:00:00 +0530 Mon, 27 Jul 2009 09:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10868 In an appeal under section 260A of the Income-tax Act, the High Court held that concurrent factual findings on the genuineness of acquisition and lease of a skimmer machine, and the related depreciation claim, were findings of fact not giving rise to a substantial question of law, so those findings were left undisturbed. On foreign travel expenditure, however, the record lacked a clear factual finding on whether the travel of the vice-chairman's wife was for the assessee's business, and the matter was remitted for fresh factual determination. The court reiterated that interference is not warranted with possible findings based on evidence, but remand is appropriate where a material factual controversy remains unresolved. Case-Laws Income Tax Thu, 01 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10868