https://www.taxtmi.com/caselaws?id=12517 The High Court upheld the Tribunal's decision in a tax assessment dispute for the assessment year 1986-87. The Court found the Assessing Officer's additions to the taxable income were unsustainable due to a set-aside order. The Tribunal's findings were supported by evidence, and the Revenue's legal contentions were dismissed. The Court also upheld the transfer of stocks to a sister concern. Consequently, the Court dismissed the Revenue's petition, ruling in favor of the assessee and finding no basis for further reference to the Tribunal. en-us Tue, 21 Aug 2001 00:00:00 +0530 Tue, 19 May 2009 17:58:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12517 The High Court upheld the Tribunal's decision in a tax assessment dispute for the assessment year 1986-87. The Court found the Assessing Officer's additions to the taxable income were unsustainable due to a set-aside order. The Tribunal's findings were supported by evidence, and the Revenue's legal contentions were dismissed. The Court also upheld the transfer of stocks to a sister concern. Consequently, the Court dismissed the Revenue's petition, ruling in favor of the assessee and finding no basis for further reference to the Tribunal. Case-Laws Income Tax Tue, 21 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12517